The Fascinating World of Reality

Financial lessons from one of the finest minds in finance, the late Peter BernsteinRecent events in the financial markets and economy underscore the importance of risk, opportunity, and proper decision making in finance. Nobody understood these concepts better than the late Peter Bernstein, and now, with The Fascinating World of Reality, he shares his years of experience with you.Drawn from Bernstein's informative Economics and Portfolio Strategy newsletter, the essays found in this book will provide you with expert guidance in navigating today's turbulent markets. Engaging and accessible, these essays clearly illuminate how Bernstein dealt with the tensions between the real economy, the principles of investing, and having to make real-world investing decisions on behalf of clients. Essays are drawn from a variety of periods including the inflationary market of the late 1970s, the bull market of the 1980s, the tech boom of the 1990s, and the financial crisis of 2008 Reveals how Bernstein measured risk and adjusted his investment holdings accordingly Provides a new view into Bernstein's application of enduring investment principles as he confronted various economic and investment environmentsThe Fascinating World of Reality offers the invaluable experiences and insights of one of the finest minds in finance, and shows you how to cope with today's changing economic and financial landscape.