Downing Jesse - Investment: a history
Here you can read online Downing Jesse - Investment: a history full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. City: New York, year: 2016, publisher: Columbia University Press, genre: Romance novel. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:
Romance novel
Science fiction
Adventure
Detective
Science
History
Home and family
Prose
Art
Politics
Computer
Non-fiction
Religion
Business
Children
Humor
Choose a favorite category and find really read worthwhile books. Enjoy immersion in the world of imagination, feel the emotions of the characters or learn something new for yourself, make an fascinating discovery.
- Book:Investment: a history
- Author:
- Publisher:Columbia University Press
- Genre:
- Year:2016
- City:New York
- Rating:3 / 5
- Favourites:Add to favourites
- Your mark:
Investment: a history: summary, description and annotation
We offer to read an annotation, description, summary or preface (depends on what the author of the book "Investment: a history" wrote himself). If you haven't found the necessary information about the book — write in the comments, we will try to find it.
A privilege of the power elite -- The democratization of investment -- Retirement and its funding -- New clients and new investments -- Fraud, market manipulation and insider trading -- Progress in managing cyclical crises -- The emergence of investment theory -- More new investment forms -- Innovation creates a new elite.;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 historys 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.
Downing Jesse: author's other books
Who wrote Investment: a history? Find out the surname, the name of the author of the book and a list of all author's works by series.
Downing Jesse
James Kirby
Bonnie Biafore
![Keith A. Allman [Keith A. Allman] - Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis](/uploads/posts/book/124124/thumbs/keith-a-allman-keith-a-allman-impact.jpg)
Keith A. Allman [Keith A. Allman]
Russell Wild
Lawrence Carrel
Eric Tyson
Investment: a history — read online for free the complete book (whole text) full work
Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "Investment: a history" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.
Light
Font size:
↓
↑
Reset
Interval:
↓
↑
Bookmark:
Make
INVESTMENT: A HISTORY
Columbia University Press
Publishers Since 1893
New York Chichester, West Sussex
cup.columbia.edu
Copyright 2016 Norton H. Reamer
All rights reserved
E-ISBN 978-0-231-54085-8
Library of Congress Control Number: 2015953162
A Columbia University Press E-book.
CUP would be pleased to hear about your reading experience with this e-book at .
COVER DESIGN: Jordan Wannemacher
References to Internet websites (URLs) were accurate at the time of writing. Neither the authors nor Columbia University Press are responsible for URLs that may have expired or changed since the manuscript was prepared.
To my wife, Rita, who made my life.
Norton
For my parents, John and Ann-Marie, and my siblings, Janelle and Brendan, for braising me in the stew of adventure, affection, compassion, curiosity, and mirth over the years.
Jesse
Contents
THIS BOOK IS the product of many hands, many minds, and many long hours. We began the project five years ago and have been actively pursuing it ever since. We are going to try to thank everyone seriously involved in it, but there will be inevitable lapses. For these we apologize.
The project has been an inspiring one. The canvas is vast; the subject more than deserving of a broad, detailed, and critical treatment. Everybody rejoices or complains about the role of investment in the world, but heretofore nobody seems to have acknowledged what it really is. Weve tried to remedy that deficiency. Hopefully, weve made a credible start. The assignment is daunting, the work important and taxing, and the need, in our view, is great.
We have benefitted from a wonderful team of Research Associates, mostly economics majors at Harvard College but also undergraduates, graduate students, and recent graduates in other subjects and from other universities. They are: Yueran Ma, Rajiv Tarigopula, Xiaoxiao Wu, Charles Smith, Adam Chu, Amy Friedman, Mo Chen, and Albert Cui. They have our thanks for their substantial efforts.
Our last and longest-serving Research Associate has been Henry Shull. Norton has referred to Henry, not always out of his hearing, as our vacuum cleaner. The truth is just the opposite. Henry was always adding, not subtracting, vital material. There is no counting how many times he has rescued us.
Katherine Walsh, our executive assistant for the last three years, has been a rock solid member of the team as well. Her cheerful efficiency and remarkable resourcefulness have underpinned a massive portion of our total effort. Before Katherine, Sandy Brewer was a wonderful and also upbeat mainstay of our early progress.
In addition, two consultants played important roles. Almost throughout the life of the project, John Butman, himself an accomplished author, counseled us on how to navigate book creation, publishing, and promotion. He has been a great adviser, collaborator on project management, and friend. Anna Weiss, who worked with John, is very talented and always helpful. Another indispensable consultant has been Alyssa Stalsberg Canelli, who helped us with editing, especially in the dauntingly immortal , which covers, by some reckoning, more than 5,000 years!
Finally, we want to thank our team from Columbia including Myles Thompson, our publisher, who believed in us without undue coaxing and let us run, and our editors Bridget Flannery-McCoy, who was a tough task master, Stephen Wesley, and Elizabeth King who organized the production, copyediting, and page proof processes.
IN THE WAKE of the global financial crisis of 20072009, investment was on peoples minds. From the fraud perpetrated by Bernie Madoff, to the mortgage crisis of 2007 and 2008 and the inadequate yields on safe bonds, it seemed as if no part of the economy had been more unsuccessfully managed or regulated than the part related to investing for our families futures. And yet, in the ensuing years, the stock market was making new highs, borrowing money had never been cheaper, the credit and operating weaknesses of many industries were being corrected, and a sick economy seemed to be on the mend. Investments that had previously seemed menacing were beginning to appear more promising.
The crisis, and its eventual taming, sparked a national dialogue about these issues. However, this national dialogue focused primarily on contemporary financial, legal, and political contexts. Rarely were broader questions posed about the long-term history and mechanisms of investment that led us to the crisis. What is investment really all about? Who does it? Why do they do it? Is there a story that can be explored and understood? Are there lessons to be learned? It turns out that investment has a rich backstory that can serve to profoundly deepen, if not fundamentally alter, our grasp of the subject and the tasks at hand. Investmentthe commitment of resources with the goal of achieving a returnis truly among the central themes in the story of humankind, and we must familiarize ourselves with its past to fully understand many of humankinds motivations, opportunities, and actions.
The task at hand is enormous in scope. Investment, after all, touches virtually every aspect of life today. Perhaps most obviously, investment underpins our entire economic engine. It is a vital determinant of what projects are funded; how individuals form collectives like companies, institutions, or unions; where in the world capital flows in and out; and when enterprises merge, disaggregate, or dissolve lines of activity. All economic entities are, after all, about investment. A business or institution is a collection of investment projects that grows or contracts based on the returns of those projects relative to its cost of funding.
But investmentone of the most fundamental of human activitiesis more than its purely monetary manifestations. It is also intertwined inextricably with social ends: the prospect of homeownership, savings accumulation to finance education, and the health of the endowments of charities. There are very real repercussions on the political landscape as well. Investment affects unemployment, the ability of seniors to retire, the funds deployed to infrastructure and research, and the capacity of a government to access credit markets. Indeed, investment lurks in every corner of daily life and underpins issues of immense importance in both obvious and obscure ways. The fact that there have been few efforts to construct a genuinely comprehensive history of investment given its omnipresence is curious.
This book is not about how to manage investments; rather, as a history of investment and the activities related to it over the centuries, it adds vital perspective to issues in investment management. It traces the development of investment from the earliest civilizations where agricultural land, lending, and trade activities were the economic foundation; to the creation of basic financial, collective, and charitable investment forms; and through the innovation of a vast array of specialized vehicles and funds extending into the twenty-first century. Throughout the book, we trace the evolution of the single most important development in the history of investment: its democratization.
Light
Font size:
↓
↑
Reset
Interval:
↓
↑
Bookmark:
Make
Similar books «Investment: a history»
Look at similar books to Investment: a history. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.
James Kirby
Bonnie Biafore
Keith A. Allman [Keith A. Allman]
Russell Wild
Lawrence Carrel
Eric Tyson
Reviews about «Investment: a history»
Discussion, reviews of the book Investment: a history and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.