Streetwise: The Best of The Journal of Portfolio Management

Description

This work 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 of portfolio development and risk management eventually led to the reform and maintenance of entire economies. Peter Bernstein sought to encourage the exchange of ideas between economists and practitioners, when in 1974, he founded "The Journal of Portfolio Management". For this volume, 41 of the most influential articles have been selected. They are 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.

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. Fabozzi is Adjunct Professor of Finance in the School of Management at Yale University. He is the editor of The Journal of Portfolio Management and has written and edited numerous books on investment management. His most recent books include Investment Management and Bond Portfolio Management.

"[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