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Book Notes · Markets & money

Against the Gods (Peter Bernstein)

The history of risk from dice to derivatives: Hindu-Arabic numerals, Cardano, Pascal and Fermat, mortality tables and insurance, the law of large numbers, Bernoulli's utility, the bell curve, regression to the mean, Markowitz, and behavioral finance.

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Against the Gods: The Remarkable Story of Risk by Peter Bernstein | Key Lessons (TIP701) The Investor’s Podcast · 61 min
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Key idea
Prereqs: Probability basics; Random variables. Next: Fooled by Randomness; Portfolio theory. Book: Peter L. Bernstein, *Against the Gods: The Remarkable Story of Risk* (1996).
Next: 1. Thesis
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