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Against the Gods: The Remarkable Story of Risk

Peter L. Bernstein

6 readers recommend it across 5 discussions

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throw0101d
If I had to pick one: The rise and fall of American growth: the U.S. standard of living since the Civil War by Robert Gordon. The gains that we have made in the (early) 20th century are unlikely to ever be repeated, and progress in many metrics has measurably slowed or even stalled since ~1970s (likely being asymptotic). And while the Internet (classified under the Information, Communication, Technology (ICT) chapters) gave a bump in the 1990s, it's mostly been flat since 2004. More economic history with Slouching towards Utopia: an economic history of the twentieth century by J. Bradford Delong. More economic ideas stuff in Value(s): building a better world for all by Mark Carney (ran the Banks of Canada and England). Also Waphsott's Keynes Hayek: the clash that defined modern economics and Samuelson Friedman: the battle over the free market.…
sonabinu
Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein https://www.goodreads.com/book/show/128429.Against_the_Gods The Physics of Wall Street: A Brief History of Predicting the Unpredictable by James Owen Weatherall https://www.goodreads.com/book/show/13356644-the-physics-of-... (https://www.goodreads.com/book/show/13356644-the-physics-of-wall-street) Faster Than Thought: A Symposium on Digital Computing Machines (1953) by B. V. Bowden. http://www.computinghistory.org.uk/det/10719/Faster-Than-Tho... (http://www.computinghistory.org.uk/det/10719/Faster-Than-Thought-A-Symposium-on-Digital-Computing-Machines-1953/)
ctkrohn
That book was OK, but the later parts (where he talks about CAPM and so forth) are uninformative to anyone who knows about modern mathematical finance. If you're looking for pop-math/finance books that could change how you look at the world, I'd recomment Taleb's "Fooled by Randomness" instead. Taleb is smug, but he makes an important point: people are way too eager to see patterns where none exist.

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