“The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.”
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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