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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Against the Gods appears in 1 source-backed mention or citation signal, not direct recommendations.
Against the Gods
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.
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Genius Isn’t Enough
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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.
Howard Marks