Cardan Capital Partners is home to avid readers who are happy to recommend good books, news and industry reports, websites and articles — and not just about finance, either. Our latest:
Against the Gods: The Remarkable Story of Risk
by Peter L. Bernstein
In this 1998, worldwide bestseller, Peter L. Bernstein takes readers on the historical journey of the development of statistics and probability throughout human history, and their revolutionary impact on our ability to manage risk.
Bernstein argues convincingly that the very notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. The simple of idea of using data and analysis to forecast and manage risk of potential future events was once so outrageous an idea that it was, indeed, to tempt fate and go against the gods.
Through a cast of historical characters, Bernstein demonstrates how each big thinker snapped into place pieces of the puzzle that has led to the modern tools used to manage all kinds of risk. When investors buy stocks, architects design skyscrapers, gamblers place bets, doctors prescribe medications, entrepreneurs launch start-ups and people buy beachfront or mountainside property, risk is inescapable. However, it doesn’t have to be feared. Managing risk has also become another way to seize opportunity.