Consequences are more important than probabilities

Why no amount of money is worth playing Russian Roulette

Takeaway

Survival is the only road to riches in investing

Peter Bernstein interview by Jason Zweig

Peter Bernstein was a famous author and asset manager who died in 2009. He's best known for "Against The Gods: The Remarkable Story of Risk", a book on the history of risk which has sold >500k copies. 

Jason Zweig, the famous finance journalist, interviewed h…

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