Against the Gods

The Remarkable Story of Risk

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 0470534532

Category: Business & Economics

Page: 400

View: 8285

A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." —The New York Times "An extraordinarily entertaining and informative book." —The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." —Business Week "Deserves to be, and surely will be, widely read." —The Economist "[A] challenging book, one that may change forever the way people think about the world." —Worth "No one else could have written a book of such central importance with so much charm and excitement." —Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." —John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." —Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." —Money "A singular achievement." —Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." —The Australian

Peter L. Bernstein Classics Collection

Capital Ideas, Against the Gods, The Power of Gold and Capital Ideas Evolving

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 1118519566

Category: Business & Economics

Page: 1512

View: 6654

A classic collection of titles from one of the world's greatestfinancial writers One of the foremost financial writers of his generation, thelate Peter Bernstein had the unique ability to synthesizeintellectual history and economics with the theory and practice ofinvestment management. Now, with the Peter L. Bernstein ClassicsCollection e-bundle, you will be able to enjoy some of the mostimportant and critically acclaimed books by this engaginginvestment writer—Capital Ideas, Against the Gods, ThePower of Gold, and Capital Ideas Evolving. Capital Ideas and Capital Ideas Evolving tracesthe origins of modern Wall Street, from the pioneering work ofearly scholars and the development of new theories in risk,valuation, and investment returns, to the actual implementation ofthese theories in the real world of investment management Against the Gods skillfully explores one of the mostprofound issues of our time—the role of risk in oursociety—in a non-technical and accessible style The Power of Gold tells the story of how history's mostcoveted, celebrated, and inglorious asset has inspired romanticmyths, daring explorations, and titanic struggles for money andpower Engaging and informative, Peter L. Bernstein ClassicsCollection puts the insights of one of the greatest financialwriters of our time at your fingertips.

Expectations Investing - Investieren nach Erwartungen

Aktienkurse und Markterwartungen als Basis für Anlageentscheidungen Mit einem Vorwort von Peter L. Bernstein

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Author: Alfred Rappaport,Michael J. Mauboussin

Publisher: Wiley-VCH

ISBN: 9783527500352

Category: Business & Economics

Page: 238

View: 6766

Nur wirklich fundierte Anlageentscheidungen bergen das Potenzial überdurchschnittlicher Gewinne für Investoren. Das gilt besonders in Zeiten, in denen Märkte nicht stürmisch wachsen, sondern in denen sich die Spreu vom Weizen trennt. Hier genügt es nicht, "dabei zu sein", sich an den vergangenen Gewinnen zu orientieren und alles Übrige dem Zufall zu überlassen. Ob ein Unternehmen echten Mehrwert bietet, erweist sich vielmehr erst durch die sorgfältige Analyse seiner Zukunftsaussichten. Rappaport und Mauboussin vermitteln in ihrem Buch das Werkzeug, das Investoren für fundierte Entscheidungen benötigen. Sie kombinieren lang bewährte Konzepte wie z. B. das Modell des diskontierten Cashflows und die porterschen Grundelemente unternehmerischer Wettbewerbsstrategie. Hieraus entsteht ein völlig neuer Ansatz auf der Grundlage erwartungsgeleiteten Investierens. Langwierige Vorausschätzungen der künftigen Cashflows eines Unternehmens sind dabei entbehrlich. Stattdessen richten erwartungsgeleitete Investoren das Augenmerk auf den Aktienkurs und die Informationen, die dieser über die Erwartungen des Marktes im Hinblick auf den Shareholder-Value birgt. In diesem Buch erfahren Investoren, wie sie die Aktienkurse lesen und die Zukunft vorausdenken können. Es versetzt sie in die Lage, früher als andere zu erkennen, wo Verschiebungen der Markterwartungen stattfinden werden, und gibt ihnen damit den Schlüssel zu echten Zusatzgewinnen in die Hand.

The Power of Gold

The History of an Obsession

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 0470091029

Category: Business & Economics

Page: 304

View: 1991

Incorporating myth, history and contemporary investigation, Bernstein tells the story of how human beings have become intoxicated, obsessed, enriched, impoverished, humbled and proud for the sake of gold. From the past to the future, Bernstein's portrayal of gold is intimately linked to the character of humankind.

Wedding of the Waters: The Erie Canal and the Making of a Great Nation

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Author: Peter L. Bernstein

Publisher: W. W. Norton & Company

ISBN: 0393340201

Category: History

Page: 464

View: 4108

"One corner of the great American panorama enlarged to highlight starry-eyed visionaries, political machinations, indefatigable ingenuity, and cockeyed optimism."—Kirkus Reviews The building of the Erie Canal, like the construction of the Brooklyn Bridge and the Panama Canal, is one of the greatest and most riveting stories of American ingenuity. Best-selling author Peter Bernstein presents the story of the canal's construction against the larger tableau of America in the first quarter-century of the 1800s. Examining the social, political, and economic ramifications of this mammoth project, Bernstein demonstrates how the canal's creation helped prevent the dismemberment of the American empire and knit the sinews of the American industrial revolution. Featuring a rich cast of characters, including not only political visionaries like Washington, Jefferson, van Buren, and the architect's most powerful champion, Governor DeWitt Clinton, but also a huge platoon of Irish diggers as well as the canal's first travelers, Wedding of the Waters reveals that the twenty-first-century themes of urbanization, economic growth, and globalization can all be traced to the first great macroengineering venture of American history.

Pascal, Fermat und die Berechnung des Glücks

eine Reise in die Geschichte der Mathematik

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Author: Keith J. Devlin

Publisher: C.H.Beck

ISBN: 9783406590993

Category: Wahrscheinlichkeitstheorie - Geschichte

Page: 204

View: 1105

Der Autor stellt die Entstehung der Wahrscheinlichkeitsrechnung und den damit verbundenen Wandel des menschlichen Alltagslebens dar.

Come into my Trading Room

Trading mit der Elder-Methode. Buch und Workbook

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Author: Alexander Elder

Publisher: FinanzBuch Verlag

ISBN: 9783898790505

Category:

Page: 185

View: 8177

Fermats letzter Satz

die abenteuerliche Geschichte eines mathematischen Rätsels

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Author: Simon Singh

Publisher: N.A

ISBN: 9783423330527

Category: Fermat's last theorem

Page: 364

View: 8100

Economist on Wall Street (Peter L. Bernstein's Finance Classics)

Notes on the Sanctity of Gold, the Value of Money, the Security of Investments, and Other Delusions

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 9780470435199

Category: Business & Economics

Page: 336

View: 2051

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. Peter Bernstein's Economist on Wall Street is a collection of writings from 1955 to 1970. The book is especially interesting because so many of Bernstein's observations reflect the most important issues of the present—the outlook for inflation and its control, the intricacies of monetary policy, the future of the dollar, and the dilemmas of household finances. Bernstein was also concerned with developments in portfolio management, including the new influence of institutional investors and rules for optimal asset mixes. He provides light touches, too, as he indulges in fantasies and philosophical musings over a wide variety of topics. With so many years of hindsight, we should not be surprised to find some of Bernstein's predictions running awry. But why? In each instance, these forecasts were biased by memories of the past. There is a big lesson to be learned there. Economist on Wall Street is a remarkable book, with lasting relevance and keen insights into the art of investment management, the capital markets, gold and the dollar, and the fun of being alive.

A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 9780470435205

Category: Business & Economics

Page: 272

View: 6963

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.

Capital Ideas Evolving

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 9781118046203

Category: Business & Economics

Page: 304

View: 3716

"A lot has happened in the financial markets since 1992, when Peter Bernstein wrote his seminal Capital Ideas. Happily, Peter has taken up his facile pen again to describe these changes, a virtual revolution in the practice of investing that relies heavily on complex mathematics, derivatives, hedging, and hyperactive trading. This fine and eminently readable book is unlikely to be surpassed as the definitive chronicle of a truly historic era." —John C. Bogle, founder of The Vanguard Group and author, The Little Book of Common Sense Investing "Just as Dante could not have understood or survived the perils of the Inferno without Virgil to guide him, investors today need Peter Bernstein to help find their way across dark and shifting ground. No one alive understands Wall Street's intellectual history better, and that makes Bernstein our best and wisest guide to the future. He is the only person who could have written this book; thank goodness he did." —Jason Zweig, Investing Columnist, Money magazine "Another must-read from Peter Bernstein! This well-written and thought-provoking book provides valuable insights on how key finance theories have evolved from their ivory tower formulation to profitable application by portfolio managers. This book will certainly be read with keen interest by, and undoubtedly influence, a wide range of participants in international finance." —Dr. Mohamed A. El-Erian, President and CEO of Harvard Management Company, Deputy Treasurer of Harvard University, and member of the faculty of the Harvard Business School "Reading Capital Ideas Evolving is an experience not to be missed. Peter Bernstein's knowledge of the principal characters-the giants in the development of investment theory and practice-brings this subject to life." —Linda B. Strumpf, Vice President and Chief Investment Officer, The Ford Foundation "With great clarity, Peter Bernstein introduces us to the insights of investment giants, and explains how they transformed financial theory into portfolio practice. This is not just a tale of money and models; it is a fascinating and contemporary story about people and the power of their ideas." —Elroy Dimson, BGI Professor of Investment Management, London Business School "Capital Ideas Evolving provides us with a unique appreciation for the pervasive impact that the theory of modern finance has had on the development of our capital markets. Peter Bernstein once again has produced a masterpiece that is must reading for practitioners, educators and students of finance." —André F. Perold, Professor of Finance, Harvard Business School

Kleines Handbuch für den Umgang mit Unwissen

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Author: Nassim Nicholas Taleb

Publisher: Albrecht Knaus Verlag

ISBN: 364111991X

Category: Business & Economics

Page: 128

View: 635

Eine Anleitung zum Nach-, Quer- und Gegendenken »Ich weiß, dass ich nichts wei߫, erkannte bereits Sokrates. Wie wir aber mit dem Unbekannten, mit dem, was wir nicht wissen, faktisch umgehen und idealerweise umgehen sollten, das beschreibt der Risikoforscher und Essayist Nassim Nicholas Taleb in seinem Handbuch. Er enthüllt die Begrenztheiten unserer Datenverliebtheit genauso wie die folgenschweren Irrtümer und Voreingenommenheiten unseres Denkens. So zeigt er, wie uns Denkfehler, falsche Kategorien und blinde Flecken immer wieder in die Irre führen – und wie wir mit Unwissen gewinnbringend umgehen können. Denn: »Für den einen ist ein Irrtum bloß ein Irrtum, für den anderen ist er eine Information.«

Der dressierte Mann

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Author: Esther Vilar

Publisher: hockebooks

ISBN: 3957511445

Category: Family & Relationships

Page: 133

View: 8537

In ihrer unkonventionellen Streitschrift dreht Esther Vilar die stereotypen Rollenmuster um und wurde damit zur Bestsellerautorin: Bei ihr ist die Frau der Herr im Haus. Sie dressiert den Mann, lässt ihn für sich arbeiten, für sich denken, für sich Verantwortung tragen. Der Mann ist stark, intelligent, phantasievoll, die Frau ist schwach, dumm und phantasielos. Warum wird trotzdem der Mann von der Frau ausgebeutet und nicht umgekehrt? Esther Vilar enttarnt ihre feministischen Geschlechtsgenossinnen als abgebrühte Ausbeuterinnen, die sich vor allem ihr äußeres Erscheinungsbild zu Nutze machen. Esther Vilar ist mit »Der dressierte Mann« das beste Beispiel dafür, dass auch provozierende Bücher zu Klassikern werden können.

The Price of Prosperity

A Realistic Appraisal of the Future of Our National Economy (Peter L. Bernstein's Finance Classics)

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Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 0470287578

Category: Business & Economics

Page: 143

View: 7655

The Price of Properity A Peter L. Bernstein Finance Classic One of the foremost financial writers of his generation, PeterBernstein has the unique ability to synthesize intellectual historyand economics with the theory and practice of investmentmanagement. Now, with classic titles such as Economist on WallStreet, A Primer on Money, Banking, and Gold, and The Priceof Prosperity—which have forewords by financialluminaries and new introductions by the author—you can enjoysome of the best of Bernstein in his earlier Wall Street days. First published in 1962, The Price of Prosperity speaksto today's uncertainties as clearly as to those of the past. Withchapters like "The Burden of Government" and "The Economics ofDemocracy," Bernstein probes the future of an economy duringrapidly changing times and the appropriate role of government indetermining the ultimate outcome. The questions have not changed over time, but Bernstein'sanswers help us understand these issues from today's perspective.How much government control is too much control? How much cangovernment spend? How can government influence the level ofunemployment? As Bernstein shows how to navigate an ever-changing economiclandscape, his timeless insights throughout these pages make ThePrice of Prosperity as vital and important today as when itappeared in an environment fundamentally different from ourown.

Versicherungsökonomie

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Author: Peter Zweifel,Roland Eisen

Publisher: Springer-Verlag

ISBN: 3662107848

Category: Business & Economics

Page: 486

View: 1629

Das Buch macht den Leser mit den zentralen Fragestellungen und dem analytischen Werkzeug der Versicherungsökonomik vertraut. Es führt Beiträge zur Nachfrage nach Versicherung, zum Angebot an Versicherung und der Versicherungsregulierung sowie zur Sozialversicherung in einer vereinheitlichten Darstellung zusammen, die bisher nur verstreut in Zeitschriften und Sammelbänden verfügbar waren. Es werden empirisch überprüfbare Voraussagen der Theorie abgeleitet und den Ergebnissen internationaler empirischer Forschung gegenübergestellt. Ausformulierte Folgerungen fassen den Stoff zusammen und erleichtern die Kontrolle des Wissensstands.