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In Peter Bernstein’s classic investing book – Against The Gods, he discusses how the abundance of market irrationality actually makes the market appear rational. Here’s an excerpt from the book: The evidence presented in this chapter gives only a hint of the diligence of the Theory Police in apprehending people … Read More

Here’s a great interview with Peter Bernstein, author of Against The Gods – The Remarkable Story Of Risk, speaking with Jason Zweig in which he discusses managing risk and surviving as an investor. Here’s an excerpt from the interview: Understanding that we do not know the future is such a … Read More