“Since the 17th century, insurance agents have been the foremost experts on risk.” Has BeensRiskCenturyAgentsExperts17th CenturyInsurance Agent Author:Charles Duhigg
“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.” WayPastOrderPassionGoalRiskShareEconomicCenturyCreationReaderProudSkillsMembersEconomicsTraditionFunctionInstitutionsFinancialPhilosopherBrilliantAppealsAnalysisOur SocietyCompellingWorldlyImaginativeFinancial InstitutionsUnknown Future Author:Peter L. Bernstein
“As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified.” ValuesRiskCenturyTheoryReturnDollarsFinancialFundInvestorsQuartersClientsAvoidingBargainsCompoundsFinancial MarketsInceptionHigh RiskIncurringHedging Author:Seth Klarman
“Had today's technophobic zealots [environmental activists] been in charge in previous centuries, we would have to roll human progress back to the Middle Ages - and beyond, since even fire, the wheel and organic farming pose risks, and none would have passed the "absolute safety" test the zealots demand. Putting them in charge now would mean an end to progress, and perpetual deprivation for inhabitants of developing nations.” HumansMeanEndsAgeTodayNationsFireProgressRiskMiddleCenturyDemandTestsAbsolutesSafetyEnvironmentalDevelopingWheelsActivistPerpetualFarmingMiddle AgesDeprivationHuman ProgressZealotOrganic Farming Author:Paul Driessen