Reviews

Investment: A History is receiving praise from economists, academics, investment specialists and commentators. Scroll down to read what key thinkers have to say about the book. View the book's timeline.

Barry Ritholtz

Barry Ritholtz

Columnist for Bloomberg View and The Washington Post

"A tour de force look at investment from previously unseen perspectives. Chapter 7 (The Emergence of Investment Theory) alone is worth the price of admission"

Charles Ellis

Author of What it Takes and Winning the Loser's Game

"This important and well-written and engaging book covers five thousand years of investing history with an emphasis on the last fifty years where so much has been happening. Full of insights, interesting people, and enduring wisdom. What a great way to spend a quiet weekend!"

Charles Ellis
Jay Light

Jay Light

Dean Emeritus, Harvard Business School

"Norton Reamer and Jesse Downing have delivered a truly impressive history of investments, and the investment management business, starting from its earliest origins in the ancient world to its most recent and innovative forms, for example the hedge funds, private equity pools, and other forms of alternative investments in the twenty-first century. It is not only a complete history, but a well-organized and analytical one, built with continual reference to the important principles of business and investing."

Richard Sylla

Henry Kaufman Professor of the History of Financial Institutions and Markets, New York University Stern School of Business

"For most of recorded history few people had wealth and there were few options for investing it. Reamer and Downing show how that changed dramatically over the past two to three centuries. Today the vast middle classes of developed countries have joined the rich in having massive amounts of wealth to invest. Asset classes available to investors have proliferated, as have professional investment managers. This well-researched book is at once a welcome addition to the literature of financial history and a guide to navigating the complex world of modern investment."

Richard Sylla

Media Coverage

The ideas in Investment: A History are attracting attention from influential journalists and media outlets. Scroll down to read a selection of articles and interviews by independent reporters and commentators.

Paul Sullivan, <em>New York Times</em>

Paul Sullivan, New York Times

Authors Reamer and Downing lay out four basic principles for sound investing in this interview with the NYT’s Your Money columnist: New Year, Old-Fashioned Investment Strategy

Heather Long, CNNMoney

We believe that history has lessons for investors today. In our book, Investment: A History (Columbia Business School Publishing, Feb. 2016), we explain why diversification has always been so important – and we spoke recently with Heather Long of CNNMoney about why it's especially crucial in volatile markets like the ones we're seeing so far this year: Worried About Stocks? Smart Investors Do These Three Things

Heather Long, CNNMoney
Brenda Jubin, <em>Reading the Markets</em>

Brenda Jubin, Reading the Markets

Independent investor and former Yale academic Brenda Jubin recently reviewed the book on her blog, Reading the Markets, describing the book as "a well-crafted history" and "remarkably interesting." Click here to read the review.

Buttonwood, The Economist

The Economist's "Buttonwood" column featured the book online and in print (5 Mar. 2016 issue). The article focuses on the democratization of investment, the growth of investment management, and today's industry landscape. Read the review here.

Buttonwood, <em>The Economist</em>
Mark Henricks, <em>Institutional Investor</em>

Mark Henricks, Institutional Investor

Writing in Institutional Investor, Henricks highlights the book's "admirable clarity, accessible detail and intelligent organization," while also noting the authors' combination of "investing savvy" and "considerable historian chops." Read the full review here: "Book Review: Investment, from Mesopotamia to Macro Funds" (March 6, 2016).

Interview with Chuck Jaffe, MarketWatch Senior Columnist

Norton talked to Chuck Jaffe, senior columnist for MarketWatch and host of the MoneyLife podcast radio show, about the biggest changes in investment over the centuries, the role of “genius” in beating markets and the difficulty of durable performance, and other key themes from the book. Listen to the “Big Interview” segment here.

Interview with Chuck Jaffe, <em>MarketWatch</em> Senior Columnist