Biographical note

Peter L. Bernstein is the author of the bestselling Capital Ideas: The Improbable Origins of Modern Wall Street and founding editor of The Journal of Portfolio Management. He is president of Peter L. Bernstein Inc., an economic consultancy to institutional investors and corporations. He managed billions of dollars for individuals and institutions for over 20 years. A former member of the research staff of the Federal Reserve Bank of New York, Mr. Bernstein has taught in the graduate program of The New School in Manhattan, and has lectured widely throughout the United States and abroad.

Aswath Damodaran is a distinguished author on the topics of valuation, corporate finance and investment management. He is Professor of Finance at the Stern School of Business at New York University.