Peter Bernstein, an economic consultant andÂ respected investment thinker,Â passed away on Friday June 5 in New York. Widely regarded as an intellectual giant in the investment circles for his ability to translate complex mathematical models into practicalÂ applications, he founded the Journal of Portfolio Management in 1974 and wrote a number of respected books about investment.
Over the years, Bernstein contributed more than 90 articles to the Journal of portfolio Management, includingÂ the followingÂ piece, publishedÂ in the latest edition, Spring 2009, Vol. 35, No. 3, in whichÂ he questions the reaction of portfolio managers and investors to tightening risk controls in a risk-averse environment. Read the article here.