Peter L. Bernstein

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Peter Lewyn Bernstein (January 22, 1919 – June 5, 2009) was an American financial historian, economist and educator whose development and refinement of the efficient-market hypothesis made him one of the country's best known authorities in popularizing and presenting investment economics to the general public.[1]

Education and military service during World War II

A native of

European theater.[1]

As investment manager

In 1951, after teaching economics at

Research Affiliates
.

Career as educator and lecturer

Bernstein served for many years on the Visiting Committee to the Economics Department at Harvard University, as a Trustee and member of the Finance Committee of the College Retirement Equities Fund (CREF), and as a Trustee of the Investment Management Workshop sponsored by the Association for Investment Management & Research (AIMR), and had been lecturing widely throughout the United States and abroad on risk management, asset allocation, portfolio strategy, and market history.

A longtime resident of

NewYork-Presbyterian/Weill Cornell Hospital
, after having broken a hip. His first wife, Shirley, died in 1971 and he is survived by his second wife, Barbara, whom he married in 1972.

Works

Bernstein was the author of ten books in economics and finance as well as countless articles in professional journals such as Harvard Business Review, Financial Analysts Journal and, in the popular press, The New York Times, The Wall Street Journal, Worth magazine and Bloomberg, among others, and has contributed to collections of articles published by Perseus and FT Mastering, among others.

Against The Gods: The Remarkable Story of Risk, was published by

John Wiley & Sons in September 1996 and won the Edwin G. Booz Prize for the most insightful, innovative management book published in 1996. In 1998, it was awarded the Clarence Arthur Kulp/Elizur Wright
Memorial Book Award from The American Risk and Insurance Association (ARIA) as an outstanding original contribution to the literature of risk and insurance. The book has sold over 500,000 copies worldwide.

In 1992 Capital Ideas: The Improbable Origins of Modern Wall Street was published by

John Wiley and Sons
.

Streetwise: The Best of The Journal of Portfolio Management, edited by Peter L. Bernstein and Frank J. Fabozzi, was published in 1997 by Princeton University Press.

Earlier books include A Primer on Money, Banking and Gold (Random House 1965), as well as Economist on Wall Street (Macmillan 1970), and The Price of Prosperity (Doubleday, 1962), in addition to two books on government finance co-authored with Robert Heilbroner.

Bernstein’s other books are The Power of Gold: The History of an Obsession, published in the fall of 2000 by

W.W. Norton & Co.

Bibliography

Awards

Peter Bernstein received three major awards from the CFA Institute, the key organization for investment managers and analysts:

  • The Award for Professional Excellence, AIMR's highest award,
  • The Graham & Dodd Award, given annually for the outstanding article in the Financial Analysts Journal for the previous year, and
  • The James R. Vertin Award, recognizing individuals who have produced a body of research notable for its relevance and enduring value to investment professionals.

References

External links