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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