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"
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!"
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."
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."