Against the Gods: The Remarkable Story of Risk by Peter Bernstein | Key Lessons (TIP701) скачать в хорошем качестве

Against the Gods: The Remarkable Story of Risk by Peter Bernstein | Key Lessons (TIP701)

Kyle Grieve discusses the book Against The Gods, how risk has evolved over history, why risk management was deeply routed in gambling, revolutionary learnings on risk from brilliant historical figures, and much more! IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:03:49 - Why a human “calculator” can’t win in the market, and the key skills that drive investing success 00:05:57 - The two critical risk concepts Cardano introduced to beat the odds—still useful for investors today 00:08:16 - How Pascal and Fermat cracked the ‘problem of points’ and laid the groundwork for market probability models 00:12:37 - How Daniel Bernoulli connected intuition with measurement 00:18:20 - How Bayes’ rule transformed probability theory 00:20:29 - Why focusing on the downside matters most—especially when the market is euphoric 00:24:33 - How regression to the mean distorts our view of performance—and tricks investors into bad decisions 00:40:40 - Why diversification can sometimes increase risk 00:46:08 - How prospect theory rewrote the rules of decision-making—explaining why investors act irrationally 00:48:53 - Why investors cling to bad ideas—how biases and ego can sabotage returns 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/m... 📊 Add the Fundrise Flagship Fund to your portfolio in just minutes and with as little as $10. https://fundrise.com/wsb ✍️ Get your paper tablet at reMarkable.com today. https://remarkable.com/?utm_source=po... 💰 Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s... ▶️ RELATED EPISODES: 7 Powers: Business Durability & Strategy Masterclass w/ Hamilton Helmer:    • 7 Powers: Business Durability & Strategy M...   Value Investing in a Growth Obsessed Market w/ Scott Barbee:    • Value Investing in a Growth Obsessed Marke...   A Sea Change Is Happening: What Worked Then, Won’t Work Now w/ Howard Marks:    • A Sea Change Is Happening: What Worked The...   The Most Important Thing by Howard Marks w/ Clay Finck & Kyle Grieve:    • The Most Important Thing by Howard Marks w...   How to Navigate Market Cycles | Insights from Howard Marks:    • How to Navigate Market Cycles | Insights f...   The SECRET to Maximum Returns: Mastering the Market Cycle by Howard Marks:    • The SECRET to Maximum Returns: Mastering t...   🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkX... 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/e... 📖  BOOKS MENTIONED: Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein: https://amzn.to/4b6MNi0 7 Powers: The Foundations of Business Strategy by Hamilton Helmer: https://amzn.to/3EIOS7X Concentrated Investing by Allen Benello, Michael van Biema, and Tobias Carlisle: https://amzn.to/4i4uM6q Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/w... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t... 🧮 TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.