Peter L. Bernstein's Against the Gods is a book that is on many people's "must read" lists. The book explores humanity's emergence from darkness and into light and prosperity, arguing that a critical factor that caused the modern world to be what it is today is the advent of risk control and risk management.
Bernstein eloquently takes readers on a ride through history, demonstrating the birth of humanity's ability to properly think about risk. That birth has allowed humanity to move from the darkness of its past, where superstition, oracles, and soothsayers dominated the prediction business and into the light of a proper understanding of probability, the stochastic nature of events in our world, risk control, and risk management. This book is not technical at all, so everyone should feel welcome to enjoy Bernstein's excellent work. You will very likely come out with an interesting new way to look at our world after reading Against the Gods. |
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And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledge technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).