Financial historian, economist and educator who became one of the best-known popularisers of academic finance, including the efficient-market hypothesis. Died in 2009.
Peter L. Bernstein Inc.The Journal of Portfolio Management
Against the Gods and Capital Ideas are the standard accounts of risk and of modern finance theory, read across the whole field.
8 books of their own · 5 articles · 1 book they recommend
How Markowitz, Sharpe, Fama, Black and Scholes built the theory of modern finance.
How people learned to measure risk, from early probability to portfolio theory.
“I think some of the books that are a must would be Peter Bernstein's book about risk, Against the Gods: The Remarkable Story of Risk.” — Charles de Vaulx
Source: De Vaulx naming Bernstein's book a must-read on risk
Recommended by: Charles de Vaulx, Jim Collins and 8 others
Gold from ancient Egypt and Lydian coins to the end of Bretton Woods.
Co-edited volume with Peter L. Bernstein.
A Primer on Money, Banking, and Gold | – | 1965 | T4 | – |
Economist on Wall Street | – | 1970 | T4 | – |
Capital Ideas: The Improbable Origins of Modern Wall Street | How Markowitz, Sharpe, Fama, Black and Scholes built the theory of modern finance. | 1992 | T1 | – |
Against the Gods: The Remarkable Story of Risk | How people learned to measure risk, from early probability to portfolio theory. | 1996 | T1 | Charles de Vaulx, Jim Collins, Marc Andreessen and 7 others |
The Power of Gold: The History of an Obsession | Gold from ancient Egypt and Lydian coins to the end of Bretton Woods. | 2000 | T1 | – |
Wedding of the Waters: The Erie Canal and the Making of a Great Nation | – | 2005 | – | |
Capital Ideas Evolving | – | 2007 | T4 | – |
Investment Management | Co-edited volume with Peter L. Bernstein. | 1998 | – |
Three generations compounding a fortune through insurance stocks
“When John Rothchild combines history and biography with investing in one package, history illuminates the biography and investing. This is a sparkling book on each level, but even more so as an…” — Peter L. Bernstein
Source: Bernstein on Rothchild mixing history, biography and investing
Also recommended by: Mohnish Pabrai, Thomas Gayner
| Capital Ideas: From the Past to the Future | Financial Analysts Journal | Research paper | 2005 |
| The Expected Return of the Security Analyst | Financial Analysts Journal | Research paper | 1998 |
| Where, Oh Where Are the .400 Hitters of Yesteryear? | Financial Analysts Journal | Research paper | 1998 |
| The New Religion of Risk Management | Harvard Business Review | Article | 1996 |
| Risk as a History of Ideas | Financial Analysts Journal | Research paper | 1995 |
| In Honor of Peter Bernstein Paywall | The Wall Street Journal | 2014 |
| Peter L. Bernstein, Explainer of Risks of Stocks, Dies at 90 Paywall | The New York Times | 2009 |
| Consultant, Influential Economic Historian Paywall | The Washington Post | 2009 |