#1454

Mentioned in 25 episodes

Against the Gods

The Remarkable Story of Risk

Book • 2008

Peter L. Bernstein

Against the Gods: The Remarkable Story of Risk chronicles the intellectual journey that has led humanity from relying on oracles and soothsayers to using sophisticated tools of risk management.

The book delves into the history of probability, starting from ancient civilizations and their limitations in understanding chance, to the modern era where risk is quantified and managed.

Bernstein discusses how the development of probability theory and risk management has been a key factor in distinguishing modern times from the past.

Mentioned by

Dr. Joe Sweeney

Santiago Roel Santos

Shree Viswanathan

Seamus Sullivan

Mentioned in 25 episodes

Mentioned by Michael Mauboussin as a book on the history of risk.

#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More

Mentioned by Michael Mauboussin as a brilliant work tracing the history of human understanding of risk.

#666: In Case You Missed It: March 2023 Recap of "The Tim Ferriss Show"

Mentioned by

Howard Marks

as a significant influence on his thinking about risk.

Howard Marks: How Writing Helped Him Raise Billions | How I Write Podcast

Mentioned by

William Green

in the context of Jack Traynor's brilliance and insights into finance.

RWH053: Trouble Ahead w/ Bill Priest

Mentioned by

Kyle Grieve

when discussing risk management and understanding randomness in markets.

TIP778: How My Thinking About Investing Evolved in 2025 w/ Kyle Grieve

Mentioned by

Kyle Grieve

as a well-written book about risk, recommended due to Howard Marks' high praise.

TIP701: Against The Gods w/ Kyle Grieve

Mentioned by

William Green

when discussing Howard Marks' views on adapting to reality and the unaccommodating nature of the market.

What Great Investors Do

Mencionado por

Adrián Godás

porque quiere comprarlo por el cuadro de Rembrandt que tiene en la portada.

387. Complejidad e Inversión con Javier Recuenco

Mentioned by

William Green

when quoting Peter Bernstein on the market not accommodating one's needs.

What Great Investors Do

Mentioned by Steve Leiple as a book that really stuck with him over the years.

BlackRock's Global Co-Head of iShares Fixed Income ETFs Stephen Laipply

Mentioned by

Shree Viswanathan

in relation to growth companies and their characteristics.

TIP659: Hermès Stock Deep Dive w/ Shree Viswanathan

Mentioned by

William Green

as a book on risk.

RWH004: Intelligent Investing w/ Jason Zweig

Mentioned by

Ben Carlson

as one of the greatest books about risks ever written.

Is the Stock Market Overvalued?

Mentioned by

Ben Carlson

as the greatest book ever written about the concept of risk.

Is This a Bubble?

Mentioned by

Dr. Joe Sweeney

as a book that resonated with high school students.

BONUS – Michael Mauboussin on the Decision Education Podcast

Recommended by Michael Mauboussin for learning about risk and the history of finance.

TIP421: Expectations Investing w/ Michael Mauboussin

Recommended by

Seamus Sullivan

as a book about the evolution of probability and its impact on society and risk-taking.

The Smead Book List - Winter 2025

Mentioned by

John Zeratsky

as a book about risk, highlighting the lack of frameworks for risk before a couple of hundred years ago.

Our Essential Books

Mentioned by

Boaz Weinstein

in a conversation about risk and finance.

Boaz Weinstein on Credit Investments

Mentioned by

Santiago Roel Santos

as a reread due to market volatility, highlighting the historical evolution of risk.

State of The Market, Monad's ICO & The Stablecoin Gold Rush | Weekly Roundup

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