Peter L. Bernstein's Against the Gods: The Remarkable Story of Risk (Wiley) is a highly readable and informative study of the development of risk management, from the gambling strategies of Roman legionnaires at the ancient game of knuckle-bone to the arcane financial strategies of 20th century speculators.
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This article was originally published in the November 1999 print edition of Entrepreneur with the headline: Damage Control.
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