The authors quote an essay on risk from Peter Bernstein in which he states each of the following EXCEPT:
A)It is hubris to believe that we can put reliable and stable numbers on the return of the stock market over the next 2, 20, or 50 years.
B)It is rational to use probability instead of timing to demonstrate that an event with low probability is therefore unlikely to ever occur.
C)The science of risk management is capable of creating new risks even as it brings old risks under control.
D)All of the above are part of Peter Bernstein's essay.

Question

Quizplus · Accepted Answer

Peter Bernstein did not state that using probability instead of timing demonstrates that an event with low probability is unlikely to ever occur.

The Authors Quote an Essay on Risk from Peter Bernstein