Economist on Wall Street (Peter L. Bernstein's Finance Classics) / Peter L. Bernstein's Finance Classics (PDF)

One of the foremost financial writers of his generation, Peter
Bernstein has the unique ability to synthesize intellectual history
and economics with the theory and practice of investment
management. Now, with classic titles such as Economist on Wall
Street, A Primer on Money, Banking, and Gold, and The Price of
Prosperity--which have forewords by financial luminaries
and new introductions by the author--you can enjoy some of the
best of Bernstein in his earlier Wall Street days.

Peter Bernstein's Economist on Wall Street is a
collection of writings from 1955 to 1970. The book is especially
interesting because so many of Bernstein's observations reflect the
most important issues of the present--the outlook for
inflation and its control, the intricacies of monetary policy, the
future of the dollar, and the dilemmas of household finances.
Bernstein was also concerned with developments in portfolio
management, including the new influence of institutional investors
and rules for optimal asset mixes. He provides light touches, too,
as he indulges in fantasies and philosophical musings over a wide
variety of topics.

With so many years of hindsight, we should not be surprised to
find some of Bernstein's predictions running awry. But why? In each
instance, these forecasts were biased by memories of the past.
There is a big lesson to be learned there.

Economist on Wall Street is a remarkable book, with lasting
relevance and keen insights into the art of investment management,
the capital markets, gold and the dollar, and the fun of being
alive.