---
title: "1 Generality Quotes By Peter L. Bernstein"
description: "1 Generality quotes by Peter L. Bernstein. Plus more from Peter L. Bernstein and more Generality sayings from other authors."
image: "https://sms4smile.com/quotes/i/9f4/peter-l-bernstein-27498_generality_life-is-a-collection-of-similarities-rat_2433188.jpg"
---

> [“life is a collection of similarities rather than identities; no single observation is a perfect example of generality.”](https://sms4smile.com/quotes/peter-l-bernstein/life-is-a-collection-of-similarities-rather-than-identities-no-single/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

[Image](https://sms4smile.com/quotes/i/9f4/peter-l-bernstein-27498_generality_life-is-a-collection-of-similarities-rat_2433188.jpg)

## More by Peter L. Bernstein

> [Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable…](https://sms4smile.com/quotes/peter-l-bernstein/gambling-has-held-human-beings-in-thrall-for-millennia-it-has-been/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“Time matters most when decisions are irreversible. And yet many irreversible decisions must be made on the basis of incomplete information.”](https://sms4smile.com/quotes/peter-l-bernstein/time-matters-most-when-decisions-are-irreversible-and-yet-many/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [ “\[The\] utility resulting from any small increase in wealth will be inversely proportionate to the quantity of goods previously possessed.” ](https://sms4smile.com/quotes/peter-l-bernstein/the-utility-resulting-from-any-small-increase-in-wealth-will-be/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate.…](https://sms4smile.com/quotes/peter-l-bernstein/the-word-risk-derives-from-the-early-italian-risicare-which-means-to/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“Time matters most when decisions are irreversible.”](https://sms4smile.com/quotes/peter-l-bernstein/time-matters-most-when-decisions-are-irreversible/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we…](https://sms4smile.com/quotes/peter-l-bernstein/the-essence-of-risk-management-lies-in-maximizing-the-areas-where-we/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“But therein lies the logician's trap: past data from real life constitute a sequence of events rather than a set of independent observations, which…](https://sms4smile.com/quotes/peter-l-bernstein/but-therein-lies-the-logician-s-trap-past-data-from-real-life/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“So we pour in data from the past to fuel the decision-making mechanisms created by our models, be they linear or nonlinear. But therein…](https://sms4smile.com/quotes/peter-l-bernstein/so-we-pour-in-data-from-the-past-to-fuel-the-decision-making/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“Our lives teem with numbers, but we sometimes forget that numberss are only tools. They have no soul; they may indeed become fetishes.”](https://sms4smile.com/quotes/peter-l-bernstein/our-lives-teem-with-numbers-but-we-sometimes-forget-that-numberss-are/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is…](https://sms4smile.com/quotes/peter-l-bernstein/the-revolutionary-idea-that-defines-the-boundary-between-modern-times/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“His local campaigns around Macedonia also augmented that absolutely essential economic resource: slaves-slaves to work the mines, slaves to work the fields, slaves to…](https://sms4smile.com/quotes/peter-l-bernstein/his-local-campaigns-around-macedonia-also-augmented-that-absolutely/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“The information you have is not the information you want. The information you want is not the information you need. The information you need…](https://sms4smile.com/quotes/peter-l-bernstein/the-information-you-have-is-not-the-information-you-want-the/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [The Gods are unkind and deny us knowledge of what the future holds](https://sms4smile.com/quotes/peter-l-bernstein/the-gods-are-unkind-and-deny-us-knowledge-of-what-the-future-holds/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [“If the satisfaction to be derived from each successive increase in wealth is smaller than the satisfaction derived from the previous increase in wealth,…](https://sms4smile.com/quotes/peter-l-bernstein/if-the-satisfaction-to-be-derived-from-each-successive-increase-in/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

> [ “\[T\]he “Law Of Frequency Of Error”. . . reigns with serenity and in complete self-effacement amidst the wildest confusion. The huger the mob .… ](https://sms4smile.com/quotes/peter-l-bernstein/t-he-law-of-frequency-of-error-reigns-with-serenity-and-in-complete/)

[Peter L. Bernstein](https://sms4smile.com/quotes/author/peter-l-bernstein/)

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