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Investment: A History (Paperback)
Loot Price: R597
Discovery Miles 5 970
You Save: R140
(19%)
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Investment: A History (Paperback)
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List price R737
Loot Price R597
Discovery Miles 5 970
You Save R140 (19%)
Expected to ship within 12 - 17 working days
|
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.
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