ISBN: 9780231169523
Editorial: Columbia
Año de edición: 2016
N° Paginas: 448
Tipo de pasta: Pasta dura
Descripción: Investing--the commitment of resources to achieve a return--affects individuals, families, companies, and nations, and has done so throughout history. Yet until the sixteenth century, investing was a privilege of only the elite classes. The story behind the democratization of investing is bound up with some of history's most epic events. It is also a tale rich with lessons for professional and everyday investors who hope to make wiser choices. This entertaining history doubles as a sophisticated account of the opportunities and challenges facing the modern investor. It follows the rise of funded retirement; the evolution of investment vehicles and techniques; investment misdeeds and regulatory reform; government economic policy; the development of investment theory; and the emergence of new investment structures. Norton Reamer and Jesse Downing map these trends and profile the battle between low cost index and exchange-traded funds, on the one hand, and the higher-fee hedge funds and private equity, on the other. By helping us understand this history and its legacy of risk, Reamer and Downing hope to better educate readers about the individual and societal impact of investing and ultimately level the playing field. Críticas This thoughtful and comprehensive history of investment is a stellar contribution to business and economic history, providing keen insights into the democratization of investment, with its underlying factors, effects, and ongoing challenges.--Janice Traflet "Essays in Economic & Business History "[Investment: A History's] value lies in providing a historical context for today's investment landscape. And it does that in a remarkably interesting way.--Reading the Markets[Reamer and Downing] are right that the democratization of investment is, on the whole, good news.--The EconomistThe authors ambitiously set out to encapsulate the entire human experience of committing resources in expectation of gain. All told, Investment: A History meets its objective with admirable clarity, accessible detail, and intelligent organization.--Institutional InvestorThe merit of this book is that it helps us reflect on the essential role that investment plays in human enterprise. It encourages the reader to think of investment as providing a mechanism for economic and social change.--Economic History ReviewWorthy and useful.--Financial HistoryThe substance is priceless, the chronology first-rate, and the writing style impeccable. I didn't expect to read it with such care, but Reamer and Downing drew me into their net and captured me. A splendid book that will be part of serious research on finance and mutual funds for decades to come, maybe even longer.--John C. Bogle, founder and former CEO, The Vanguard GroupA tour de force look at investment from previously unseen perspectives.--Barry Ritholtz, columnist for Bloomberg View and the Washington PostAn easy-to-read primer on stock market investment, traced back from today to Greek and Roman times so that we may understand how we arrived at the present system of investment management and investment products.--Janette Rutterford, Open University and University of YorkFor most of recorded history few people had wealth, and there were few options for investing it. Reamer and Downing show how that changed dramatically over the past two to three centuries. Today the vast middle classes of developed countries have joined the rich in having massive amounts of wealth to invest. Asset classes available to investors have proliferated, as have professional investment managers. This well-researched book is at once a welcome addition to the literature of financial history and a guide to navigating the complex world of modern investment.--Richard Sylla, New York University Stern School of BusinessNorton Reamer and Jesse Downing have delivered a truly impressive history of investments and the investment-management business, starting from its earliest origi
- Idioma: Inglés
- Autor: Reamer, Norton
- Editorial: Columbia
- N° Paginas: 448
- Tipo de pasta: Pasta dura
- Envío: Desde EE.UU.
