From The Greats
Author of Against the Gods, praised by Howard Marks in an Oaktree memo.
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Against the Gods
by Peter L. Bernstein · 1996
Peter L. Bernstein's history of risk, probability, and how quantitative thinking changed decision-making and investing.
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Documented mentions and citations
Against the Gods appears in 1 source-backed mention or citation signal, not direct recommendations.
Howard Marks
Co-founder and co-chairman, Oaktree Capital Management
Mentioned
Oaktree memo
article
In his wonderful book, Against the Gods, Peter Bernstein shows how development of the study of probability made possible both informed gambling and informed investing.
Exact quote verified
Mentioned
article
Genius Isn’t Enough
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We captured the mention language from the source; this is not counted as a direct recommendation.
Oaktree Capital · 1998-10-09 · accessed 2026-06-22
The PDF memo calls Against the Gods a wonderful book in a passage applying its ideas to investing.
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