Against the Gods: The Remarkable Story of Risk

Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein traces the development of humanity's understanding of uncertainty. Through figures such as Pascal, Bernoulli, Keynes and von Neumann, the book explains how probability and risk management transformed gambling, commerce and finance. Bernstein also examines the limits of mathematical models when human behavior and unexpected events enter the picture. The historical narrative offers context for diversification, asset allocation and decision-making under uncertainty. It suits investors and readers interested in financial history and pairs well with our guides on risk management and investing psychology.