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Striving for certainty in investing is a futile endeavor from "summary" of Against the Gods by Peter L. Bernstein
The idea that one can attain absolute certainty in the world of investing is a misguided pursuit. This belief is rooted in a fundamental misunderstanding of the nature of risk and uncertainty. In reality, the future is inherently uncertain, and attempting to eliminate all uncertainty is a futile endeavor. As Peter L. Bernstein points out in "Against the Gods," the very essence of investing is taking calculated risks in the face of uncertainty. Investors who strive for certainty often fall prey to a false sense of security. They may believe that by carefully analyzing historical data and trends, they can predict the fut...
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