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Economic Historian Peter Bernstein Dies at 90

Capital Ideas author had knack for making sophisticated research accessible and actionable.

Economic historian and author Peter Bernstein, 90, died on Friday in New York City. He wrote many articles and books on economics and portfolio management, and was the first editor of the Journal of Portfolio Management.

He was perhaps most famous for his book Capital Ideas (1991), a lively intellectual history of the doctrines of the efficient market hypothesis (EMH) and modern portfolio theory (MPT), which he followed up in 2007 with Capital Ideas Evolving.

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