Investment: A History: A History

Hardcover | February 19, 2016

byNorton Reamer, Jesse Downing

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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.

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From the Publisher

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...

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 gradu...

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Investment: A History
Investment: A History

Paperback|Jul 25 2017

$23.14 online$26.00list price(save 11%)
Format:HardcoverDimensions:448 pages, 9 × 6 × 0.98 inPublished:February 19, 2016Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231169523

ISBN - 13:9780231169523

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Table of Contents

AcknowledgmentsIntroduction: The Investment Challenge1. A Privilege of the Power Elite2. The Democratization of Investment: Joint-Stock Companies, the Industrial Revolution, and Public Markets3. Retirement and Its Funding4. New Clients and New Investments5. Fraud, Market Manipulation, and Insider Trading6. Progress in Managing Cyclical Crises7. The Emergence of Investment Theory8. More New Investment Forms9. Innovation Creates a New EliteConclusion: Investment in the Twenty-First CenturyNotesBibliographyIndex

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A reader's time and energy devoted to it are likely to yield competitive returns.