Peter Bernstein was born in a middle-class family in new york, and his father also worked in finance, which contributed to his shift from political science to economics when he was studying at Harvard University. Also at Harvard, inspired by the famous economist joseph schumpete, he obtained a bachelor's degree in economics with excellent results, thus obtaining the position of researcher at the new york branch of the Federal Bank.

After World War II, Peter Bernstein, who retired as a pilot of the US Air Force, returned to the financial field and worked in two small commercial banks successively, engaged in credit and bond portfolio work. 195 1 year, when his father died, Peter Bernstein took over the investment management company founded by his father under the pressure of his family and friends.

Since then, under his leadership, the assets managed by the company have increased from billions of dollars to more than ten times the value added when the company was sold in 1967. Long-term investment management practice has not only honed his ability to integrate theory with practice in various fields of finance, but also made him different from other academic experts and observers, and he can "speak with facts" and verify theories, theories and mathematical models one by one.

One of the most attractive features of Peter Bernstein's works is that there is no "allusion" to cover up the pallor of utopian hypothesis.

1In the autumn of 936, Bernstein entered Harvard University. After graduating from Harvard, Bernstein successively set foot in the Federal Reserve Bank of new york, the Wartime Strategic Service (OSS), Williams College and United Bank of new york (managing bond portfolio first, then managing foreign exchange).

After that, he worked in his father's old-fashioned financial management company for a while, and finally, he set up his own investment management company.

His book "Enlightenment from Money, Banking and Gold", 1965, was published in Random House, and it was also very popular. It sold tens of thousands of copies as soon as it came out, and it is still the basic teaching material of many university economics courses until today.

From 65438 to 0973, he and his wife Barbara founded a new investment consulting company in their own names, providing advanced investment consulting services for some large foundations, investment managers and large personal trusts.

From 65438 to 0974, Bernstein founded the Journal of Portfolio Management. From 65438 to 0997, Bernstein became the fourth person to win the "Outstanding Professional Performance Award", which attracted much attention. This is the highest award awarded by the American Investment Management and Research Association to securities analysts and portfolio managers.