Last night, over some fish and chips in their new house, I mentioned to some good friends that I was reading Peter L. Bernstein’s Against the Gods: The Remarkable Story of Risk. I am progressing slowly, but enjoying it a great deal. It has one of the best introductions that I have read for some time. And it has given me the word astragalus, which would make the ideal name for my second hedge fund… after Palomino.