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Against the Gods

The Remarkable Story of Risk
in: Investing
Summary:

The book traces the historical development of risk management and the understanding of probability, from ancient times through the Renaissance to modern financial markets. It explores how the mastery of risk has shaped society and the ways in which the tools and techniques of risk management have evolved over the centuries.

Key points:

1. Probability Theory: The book explores the evolution of probability theory from a gambling tool to a crucial concept in fields like insurance, investments, and scientific research.

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