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book: Investment: A History
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Investment: A History

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Language: English
Published/Copyright: 2016

About this book

The story behind the democratization of investing is also a tale rich with lessons for professional and everyday investors who hope to make wiser choices in their own time. This entertaining history doubles as a sophisticated account of the opportunities and challenges facing the modern investor. 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.
An expansive analysis of investing triumphs and failures, with a discussion of what investing will (and should) look like in the future.

Author / Editor information

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.

Reviews

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

Barry Ritholtz, columnist for Bloomberg View and the Washington Post:
A tour de force look at investment from previously unseen perspectives.

Richard Sylla, New York University Stern School of Business:
For most of recorded history few people had wealth, and there were few options for investing it. Reamer and Downing show how that changed dramatically over the past two to three centuries. Today the vast middle classes of developed countries have joined the rich in having massive amounts of wealth to invest. Asset classes available to investors have proliferated, as have professional investment managers. This well-researched book is at once a welcome addition to the literature of financial history and a guide to navigating the complex world of modern investment.

Jay Light, dean emeritus, Harvard Business School:
Norton Reamer and Jesse Downing have delivered a truly impressive history of investments and the investment-management business, starting from its earliest origins in the ancient world to its most recent and innovative forms, for example, the hedge funds, private-equity pools, and other forms of alternative investments in the twenty-first century. It is not only a complete history but a well-organized and analytical one, built with continual reference to the important principles of business and investing.

Charley Ellis, author of What It Takes and Winning the Loser's Game:
This important, well-written, and engaging book covers 4,000 years of investing history with an emphasis on the last fifty years, where so much has been happening. Full of insights, interesting people, and enduring wisdom.

Janette Rutterford, Open University and University of York:
An easy-to-read primer on stock market investment, traced back from today to Greek and Roman times so that we may understand how we arrived at the present system of investment management and investment products.

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  • Requires Authentication Unlicensed
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  • Requires Authentication Unlicensed
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Publishing information
Pages and Images/Illustrations in book
eBook published on:
February 19, 2016
eBook ISBN:
9780231540858
Pages and Images/Illustrations in book
Main content:
448
Other:
13 figures and tables
This book is in the series
Columbia Business School Publishing
This book is in the series
Downloaded on 2.4.2026 from https://www.degruyterbrill.com/document/doi/10.7312/ream16952/html
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