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Pros & Cons
Pros
This book explains why your portfolio needs to be diversified. The chapters on stock market volatility and derivates are from 1995 but feel as relevant in today’s stock market. Volatility. The book also explains why you should never invest in stocks b... Read More
This book chronicles the history of mathematics and the evolution of the theory of probability. It includes a detailed historical review from the early conceptualization of probability to some recent developments (up to about 1995) the book is a quick... Read More
Peter bernstein introduces the history of risk analysis in a series of anecdotes. Bernstein describes pascal's development of what has become known as pascal's triangle. Bernstein's anecdote is that in one of the german air raids on moscow world war i... Read More
Cons
This book is rather a historical cliff notes of who invented what mathematical theory. Instead, it tries to entertain by narrating history of mathematical concepts and the lives of mathematicians. A better historical and fun book on probability and ra... Read More
The book really is equivocal about the answer. The price of tulip bulbs, for example, is so low that it cannot be computed in terms that would mean anything to a resident of amsterdam 400 years ago.
When it comes to stocks and other investments, bernstein is downright comical. The rest 1/4 are scientifically inaccurate references to the stock market.
Highlights
Quality
The physical quality the of book was very good because it was brand-new.
An excellent history and easy to read.
It is a quality analysis of the history of risk and risk analysis.
Prudent applications to offsetting risk offer a sunny outcome, while short-sighted speculation is the gloomy downside.
Shipping
Arrival time was as advertised in a couple of days so all of that was a five star rating for me.
The book was delivered timely and in excellent condition by the seller (bargainbookbasement).
Packaging/appearance
Came on time in good conditiongreat book
Competitiveness
It is nonetheless a great start for those who want to join mauboussin and marks in making better decisions.
Bernstein teaches us much about the discoveries and their authors (pascal, fermat, paccioli, galton, cardano, the bernoullis, b... Read More
Galton's discovery of regression to the mean during the 19th century - covered in one chapter -may be the most important for investors.
Early theories of financial markets defined risk similarly today.
Overview
- How are reviewers describing this item?
good, great, modern, most and financial. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 1,744 reviews as of our last analysis date on Nov 26 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
Prudent applications to offsetting risk offer a sunny outcome while shortsighted speculation is the gloomy downside
Posted by a reviewer on Amazon
Pascal bernoulli gauss von neumann and straight up to the great fischer black and myron scholes
Posted by a reviewer on Amazon
Its a very education review of a topic thatll never lose its importance
Posted by a reviewer on Amazon
Missing from the book was culture things like market development from brugge to the new york stock exchange and the creation of the sec in 1940 which made market information more transparent providing more liquidity to quantify risk
Posted by a reviewer on Amazon
And also politics such as english civil war which limited the monarchy economic power and the beginnings of republics to adam smith and the march toward capitalism
Posted by a reviewer on Amazon
Where it gets tricky is that assessing a risk is not just a matter of using the right techniques and identifying the logical fallacies that cloud your vision your data knowledge and experience in the specific field are crucial to even understand what risks you want to manage
Posted by a reviewer on Amazon
Partly because the author explains many important aspects of modern economics but also because it introduces you to new theories that aim to explain why there is still so much uncertainty despite our best efforts
Posted by a reviewer on Amazon
This isnt a book to help you develop your portfolio
Review Count History
Price History
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