Investment

by Reamer, Norton

Type Book

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Title Statements

Full title :Investment.

Summary

Investing-the commitment of resources to achieve a return-affects individuals, families, companies, and nations, and has done so throughout history. Yet until the sixteenth century, investing was a privilege of only the elite classes. The story behind the democratization of investing is bound up with some of history's most epic events. It is also a tale rich with lessons for professional and everyday investors who hope to make wiser choices.This entertaining history doubles as a sophisticated account of the opportunities and challenges facing the modern investor. It follows the rise of funded retirement; the evolution of investment vehicles and techniques; investment misdeeds and regulatory reform; government economic policy; the development of investment theory; and the emergence of new investment structures. Norton Reamer and Jesse Downing map these trends and profile the battle between low cost index and exchange-traded funds, on the one hand, and the higher-fee hedge funds and private equity, on the other. By helping us understand this history and its legacy of risk, Reamer and Downing hope to better educate readers about the individual and societal impact of investing and ultimately level the playing field.

Edition Statements

Publication Date:2016.

Publication Statements

Publisher(s):Columbia University Press
Place of Publication:New York, NY
Language:eng
Publication Date:2016.

The Physical Object

Description:1 online resource (449 pages).

Edition Identifiers

ISBN:0231169523, 9780231169523
oclc:ocn994453738
LC Classification:HG4516.R43 2016
Dewey Decimal:332.609

Table of Contents ; Acknowledgments; Introduction: The Investment Challenge; 1. A Privilege of the Power Elite; 2. The Democratization of Investment: Joint-Stock Companies, the Industrial Revolution, and Public Markets; 3. Retirement and Its Funding; 4. New Clients and New Investments; 5. Fraud, Market Manipulation, and Insider Trading; 6. Progress in Managing Cyclical Crises ; 7. The Emergence of Investment Theory ; 8. More New Investment Forms; 9. Innovation Creates a New Elite; Conclusion: Investment in the Twenty-First Century; Notes; Bibliography; Index.