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ECONOMICS AND PORTFOLIO STRATEGY
PUBLISHED FOR OVER THIRTY YEARS
Watch Peter's interview at
The Wall Street Journal Online
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View Peter's recent interview with E.S. Browning of WSJ.com entitled Saving for Survival.
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Peter Bernstein's "CLASSICS" - three books written in the 1960s - will be available in late summer. They will be updated with new introductions by:
ECONOMIST ON WALL STREET
Introduction by PAUL SAMUELSON
MONEY BANKING AND GOLD
Introduction by PAUL VOLCKER
THE PRICE OF PROSPERITY
Introduction by ARTHUR LEVITT, JR.
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The Publication
Economics & Portfolio
Strategy
provides authoritative
and often controversial views on the global interaction between the real
economies and the capital markets. By combining the discipline of theoretical
analysis to the practice of hands-on portfolio management,
Economics & Portfolio Strategy
speaks the language of institutional investment professionals and
sophisticated individual investors.
The publication
was launched in 1973. Its readers own or manage assets of more than five
trillion dollars.
View Now
Economics & Portfolio
Strategy is now available online. Subscribe today!
| JOHN LYMAN AWARD |
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Wedding of the Waters: The Erie Canal and the Making of a Great Nation
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has won the John Lyman Award for the best book in U.S. Maritime History published in 2005,
an award presented by the North American society for Maritime History.
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| September 1, 2007 |
| THE BILIKIN SYMDROME AND THE FUTURE OF PORTFOLIO MANAGEMENT |
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This issue is a reprint of our issue of December 15, 1992, exactly as it appeared back then, including the Courier typeface (which we have converted to bold for easier reading). What we have to say there is pertinent to the process of portfolio management in our own time, fifteen years later. In many ways, the 1992 discussion anticipated the current debate about the role and importance of the policy portfolio.
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| August 15, 2007 |
| MEMORY BANKS AND ECONOMIC POLICY |
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The U. S. economy has suffered through two terrible traumas in my lifetime - the Great Depression of the 1930s and the Great Inflation of the 1970s. Even people too young to have lived through those black times have heard enough war stories from survivors, seen enough movies, or read enough books to be familiar with what happened.
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| July 1, 2007 |
| DIVIDENDS AND BUYBACKS: NEW DATA AND NEW THOUGHTS |
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Our issues of April 1 and June 1 explored at some length the role of dividends and buybacks
in the investment process. We return to these matters once again, because we now have S&P data through
the first quarter of 2007, and the fresh data provide fresh insights. More important, the relationships
between cash distributions to shareholders and the evolution of share prices (or, as we shall demonstrate
below, perhaps vice versa) go to the very heart of questions about corporate governance and related
features of the current environment.
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