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Investment
Book

Investment

A History

Columbia UP, 2016 plus...

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Editorial Rating

7

Qualities

  • Analytical
  • Eye Opening
  • For Beginners

Recommendation

Strip away the complex jargon, and investing is a basic activity, central to all market economies. It began in antiquity, with its beneficiaries limited to the rich and powerful. In the 21st century, professional asset managers, financial institutions and individuals in the general population all invest. What’s driven this wide engagement? Investment experts Norton Reamer and Jesse Downing present an intelligent, eclectic mix of history, facts and theories on the subject of “the democratization of investment.” They explain how equity investment originated and how the social phenomenon of retirement has changed markets. The authors do not offer investment advice. Instead, they demystify the often-opaque world of investing. getAbstract recommends this thorough and accessible primer to everyone who is, or wants to be, an investor.

Take-Aways

  • The 17th-century Dutch East India Company created the blueprint for stock corporations.
  • Private English banks invested in the Industrial Revolution after the Napoleonic wars.
  • American adult participation in investing grew from one in 16 people in 1952 to roughly one in two by the early 2000s.

About the Authors

Norton Reamer is a former CEO of Putman Investments. Jesse Downing is a Harvard graduate in economics and mathematics, and he currently works at an investment management firm.


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