Chapter
Peter Bernstein's "Against the Gods" and "Capital Ideas"
45:15 - 55:26 (10:11)
The books "Against the Gods" and "Capital Ideas" by Peter Bernstein provide a historical account of finance, specifically on risk and the understanding of economics, which would be beneficial to anyone interested in this subject matter.
Clips
Peter Bernstein's "Against the Gods" is an interesting book that discusses the history of how we understand risk in finance, from the 1700s up to modern times, and suggests that the way to understand economics is through biology.
45:15 - 49:55 (04:40)
finance
Summary
Peter Bernstein's "Against the Gods" is an interesting book that discusses the history of how we understand risk in finance, from the 1700s up to modern times, and suggests that the way to understand economics is through biology.
ChapterPeter Bernstein's "Against the Gods" and "Capital Ideas"
Episode#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More
PodcastThe Tim Ferriss Show
The modern manifestation of value investing is buying something for less than what it's worth, not just buying statistically cheap stocks.
49:56 - 55:26 (05:30)
Value Investing
Summary
The modern manifestation of value investing is buying something for less than what it's worth, not just buying statistically cheap stocks. This approach can be applied intelligently to all types of investing, not just the classic sense of value investing.