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In many ways, Bernstein's A Primer on Money, Banking, and Gold can be seen as one long preface to his bestselling The Power of Gold. In A Primer on Money, Banking, and Gold , Bernstein discusses the link that still exists between our money and gold and why.
"The need for realism in reform of its monetary system is what makes Bernstein s story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environment .
"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.
Bernstein's Economist on Wall Street is based on his observations of he market over a period of 15 years, from 1955 to 1970. However, the observations he made then have significant relevance for today. Peter Bernstein's name has become synonymous with the storytelling of our financial history.
CAPITAL IDEAS Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management.
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