![]() ![]() It’s a wide scoping history of man’s attempt to measure and analyze risk and it’s told in Peter Bernstein’s signature easy to read style. This is one of my very favorite books – not just about risk, but of all time. So with that in mind here is your curriculum for learning about risk, with a focus on its application in financial markets.Īgainst the Gods – The Remarkable Story of Risk by Peter L. Therefore, if one is to be a serious investor of any kind (be it stocks, bonds, gold, real estate, or small business) a study on the subject of risk is necessary. ![]() That being said, the smart investor knows how to identify, measure, and manage this risk. The iron-clad rule of finance is that with a higher expectation of return, you need to take on additional risks. The world of investments is one about the detection and sizing-up of risk. “Risk is like fire: If controlled it will help you if uncontrolled it will rise up and destroy you.” – Theodore Roosevelt ![]()
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