“The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.”
Quote by Peter L. Bernstein
Work
Against the Gods: The Remarkable Story of Risk
This book delves into the origins and evolution of risk assessment and management, examining how humans have coped with uncertainty and chance throughout history. more
Author
Peter L. Bernstein
Peter L. Bernstein was a distinguished economist known for his research on portfolio theory and risk management. His writings have had a profound impact on the financial industry, particularly in the areas of asset allocation and risk control. more
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