Peter L Bernstein Inspirational Quotes (5)

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.

What if I am wrong? Any rational investment plan has to start with that question.

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

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.

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.