Ulteriori informazioni
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 gains; and the development of investment theory, which has led to index and exchange-traded funds that offer better access to competitive investment returns. The authors map these trends and profile the new finance elite who created and now prosper from the products available to common investors. By helping us understand this history and its legacy of risk, the authors hope to better educate readers about the individual and societal impact of investing, and ultimately level the playing field.
Sommario
Acknowledgments
Introduction: The Investment Challenge
1. A Privilege of the Power Elite
2. The Democratization of Investment: Joint-Stock Companies, the Industrial Revolution, and Public Markets
3. Retirement and Its Funding
4. New Clients and New Investments
5. Fraud, Market Manipulation, and Insider Trading
6. Progress in Managing Cyclical Crises
7. The Emergence of Investment Theory
8. More New Investment Forms
9. Innovation Creates a New Elite
Conclusion: Investment in the Twenty-First Century
Notes
Bibliography
Index
Info autore
Norton Reamer is the former chief investment officer and CEO of Putnam Investments. He founded and for twenty years ran United Asset Management. In 2003, he founded and led Asset Management Finance. Each firm was a leader in its investment approach and organizational structure. He now lives and works in Boston.
Jesse Downing is a graduate of Harvard College, where he studied economics and mathematics. He currently works at an investment-management firm in Boston.
Riassunto
An expansive analysis of investing triumphs and failures, with a discussion of what investing will (and should) look like in the future.
Relazione
"Investment: A History is an easy-to-read primer on stock market investment, traced back from today all the way 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, The Open University and University of York
