Peter L. Bernstein Quotes

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The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the gods and that men and women are not passive before nature.

Peter L. Bernstein

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.

Peter L. Bernstein

The prospect of getting rich is highly motivating, and few people get rich without taking a gamble.

Peter L. Bernstein

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.

Peter L. Bernstein

Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable circles.

Peter L. Bernstein

Peter L. Bernstein

Peter L. Bernstein

Born: January 22, 1919

Died: June 5, 2009 (aged 90)

Bio: Peter Lewyn Bernstein was an American financial historian, economist and educator whose development and refinement of the efficient-market hypothesis made him one of the country's best known authorities in popularizing and presenting investment economics to the general public.

Known for:

Capital Ideas Evolving (2007)
A Primer on Money, Banking, and Gold (1965)

Peter L. Bernstein on Wikipedia

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