The same pillars will carry the responsibility we all bear for funding our retirements, our emergencies and the many good times we enjoy between birth and...
The first is what you’d expect: History didn’t end in 2002, so the new edition reflects recent financial history and research. The second is a broad deepening. As a student of history, Bernstein has infused the new edition with a far deeper sense of markets and financial history. While the book still has enough numbers in it to entertain an engineer, I think a lot more history majors will enjoy reading the book, too.In the original edition, Bernstein makes reference to Hollerith Inc.
And, by the way, Microsoft and Apple are shorthand for computing today. Not IBM.Something similar happens with new references to contemporary culture. Introducing the shortcomings of hedge funds, Bernstein has a great, pithy subtitle:That almost says it all, but Bernstein fills in the details. Hedge funds are status symbols, not investments, because they are so ridiculously expensive.
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