Streetwise: The Best Of The Journal Of Portfolio Management by Peter L. BernsteinStreetwise: The Best Of The Journal Of Portfolio Management by Peter L. Bernstein

Streetwise: The Best Of The Journal Of Portfolio Management

EditorPeter L. Bernstein

Paperback | February 8, 1998

Pricing and Purchase Info

$123.50

Earn 618 plum® points

Prices and offers may vary in store

Quantity:

In stock online

Ships free on orders over $25

Not available in stores

about

Streetwise brings together classic articles from the publication that helped revolutionize the way Wall Street does business. During the recession of the early 1970s, investment professionals turned to the theories of a small band of mathematical economists, whose ideas on such topics as portfolio development and risk management eventually led to the reform and maintenance of entire economies. This was the first time economists and practitioners had joined forces to such remarkable effect. Economist and money manager Peter Bernstein sought to encourage this exchange when, in 1974, he founded The Journal of Portfolio Management (JPM). For this present volume, Bernstein and JPM editor Frank Fabozzi have selected forty-one of the most influential articles to appear in the journal over the past twenty-five years, some of them written by Nobel laureates and all aimed at stimulating dialogue between academic economists wishing to understand the real-world problems of finance and investment professionals wanting to bring the most advanced theoretical work to bear on commerce.

Financial economics is a youthful but vital field. Streetwise not only reflects its fascinating history but through articles on topics ranging from stock prices and risk management to bonds and real estate also offers relevant insights for today.

The contributors are: R. Akhoury, R. D. Arnott, G. L. Bergstrom, G. O. Bierwag, F. Black, R. Bookstaber, K. Cholerton, R. Clarke, D. M. Cutler, C. P. Dialynas, P. O. Dietz, D. H. Edington, M. W. Einhorn, J. Evnine, R. Ferguson, P. M. Firstenberg, H. R. Fogler, F. Garrone, R. Grieves, R. C. Grinold, D. J. Hardy, D. P. Jacob, B. I. Jacobs, R. H. Jeffrey, R. N. Kahn, G. G. Kaufman, M. Kritzman, R. Lanstein, C. M. Latta, M. L. Leibowitz, K. N. Levy, R. Lochoff, R. W. McEnally, K. R. Meyer, E. M. Miller, A. F. Perold, P. Pieraerts, J. M. Poterba, K. Reid, R. R. Reitano, R. Roll, B. Rosenberg, S. A. Ross, M. Rubinstein, A. Rudd, P. A. Samuelson, R. Schweitzer, C. Seix, W. F. Sharpe, B. Solnik, L. H. Summers, A. L. Toevs, J. L. Treynor, A. Weinberger, and R. C. Zisler.

Peter L. Bernstein is President of Peter L. Bernstein, Inc., economic consultants to institutional investors and corporations, and Consulting Editor of The Journal of Portfolio Management. His books include Capital Ideas: The Improbable Origins of Modern Wall Street and Against the Gods: The Remarkable Story of Risk. Frank J....
Loading
Title:Streetwise: The Best Of The Journal Of Portfolio ManagementFormat:PaperbackDimensions:325 pagesPublished:February 8, 1998Publisher:Princeton University Press

The following ISBNs are associated with this title:

ISBN - 10:0691011281

ISBN - 13:9780691011288

Look for similar items by category:

Reviews

Table of Contents

Introduction 3

Challenge to Judgment (Fall 1974) 7

The Dividend Puzzle (Winter 1976) 10

The Capital Asset Pricing Model and the Market Model (Winter 1981) 14

Factors in New York Stock Exchange Security Returns, 1931-1979 (Summer 1982) 26

What Hath MPT Wrought: Which Risks Reap Rewards? (Fall 1983) 41

Persuasive Evidence of Market Inefficiency (Spring 1985) 48

What Moves Stock Prices? (Spring 1989) 56

The Complexity of the Stock Market (Fall 1989) 65

Beta and Return (Fall 1993) 74

Performance Evaluation and Benchmark Errors (Summer 1980) 87

The Trouble with Performance Measurement (Spring 1986) 95

How to Detect Skill in Management Performance (Winter 1986) 101

The Implementation Shortfall: Paper versus Reality (Spring 1988) 106

Continuously Rebalanced Investment Strategies (Fall 1991) 112

A New Route to Higher Returns and Lower Risks (Fall 1975) 119

A Global Approach to Money Management (Summer 1976) 125

How to Win at the Loser's Game (Fall 1978) 135

A New Paradigm for Portfolio Risk (Fall 1984) 143

Latane's Bequest: The Best of Portfolio Strategies (Winter 1986) 151

The Fundamental Law to Active Management (Spring 1989) 161

The Sharpe Ratio (Fall 1994) 169

The Invisible Costs of Trading (Fall 1994) 179

Real Estate: The Whole Story (Spring 1988) 189

Breaking Tradition in Bond Portfolio Investment (Spring 1975) 203

The Dividends from Active Bond Management (Spring 1975) 209

Duration as a Practical Tool for Bond Management (Summer 1977) 214

Goal Oriented Bond Portfolio Management (Summer 1979) 219

The Challenge of Analyzing Bond Portfolio Returns (Spring 1980) 225

The Art of Risk Management in Bond Portfolios (Spring 1981) 231

The Uses of Contingent Immunization (Fall 1981) 241

Bond Indexation: The Optimal Quantitative Approach (Spring 1986) 246

Why Invest in Foreign Currency Bonds? (Summer 1986) 250

Duration Models: A Taxonomy (Fall 1988) 255

Convexity and Exceptional Return (Winter 1990) 260

Non-Parallel Yield Curve Shifts and Immunization (Spring 1992) 265

Bond Yield Spreads: A Postmodern View (Fall 1992) 273

Options Can Alter Portfolio Return Distributions (Spring 1981) 283

Option Portfolio Risk Analysis (Winter 1984) 291

The Use of Options in Performance Structuring (Summer 1985) 296

Futures and Alternative Hedge Ratio Methodologies (Spring 1986) 311

Hedging Corporate Bond Portfolios (Summer 1986) 322




From Our Editors

"Streetwise" brings together classic articles from the publication that helped revolutionize the way Wall Street does business. The editors have selected 41 of the most influential articles to appear in the journal over the past 25 years, some of them written by Nobel laureates and all aimed at stimulating dialogue between academic economists and investment professionals

Editorial Reviews

"[This] volume of outstanding articles. . .should attract both practitioners who want to know what is relevant and useful in financial theory and theoreticians who would like to see how theory is used in practice."-Harry M. Markowitz, 1990 Nobel Laureate in Economics