Word: bernstein
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...Peter L. Bernstein was 70 and had led a full life. An intelligence officer during World War II, he later taught economics, ran an investment firm and edited the wonky but influential Journal of Portfolio Management as a flood of new academic research transformed investing in the 1970s...
...when a book editor suggested Bernstein write a memoir, he countered with an ambitious proposal for an intellectual history. The result was Capital Ideas: The Improbable Origins of Modern Wall Street, an improbably charming tale of index funds, mathematical options-pricing models and new theories of corporate finance. It was a success, and Bernstein followed it in 1996 with a big best seller, Against the Gods: The Remarkable Story of Risk...
With that, Bernstein became an in-demand speaker, an industry wise man (one writer likened him to Yoda) and the foremost interpreter of the quantitative approach that came to dominate Wall Street. But he was never doctrinaire. When I sought his blessing for a book on the fall of the market philosophy whose rise he had sketched in Capital Ideas, he was enthusiastic--and even contributed a blurb for the back cover. When he died on June 5 at age 90, he was working on another book about risk. When that was done, he planned to finally get to work...
Stanley Drucker was still a teenager when he joined the New York Philharmonic as a clarinetist in 1948. More than 10,000 concerts later, Drucker is now the longest-serving member in the renowned symphony's 167-year history. Named principal clarinet by conductor Leonard Bernstein in 1960, Drucker holds the Guinness world record for the longest career of any clarinetist. On July 31, Drucker, now 80, will make his final appearance with the philharmonic in Vail, Colo. He spoke with TIME about his career, the future of classical music and the performances he'll always remember...
...Russian violinist] David Oistrakh at its premiere in 1956 at Carnegie Hall. It was an amazing sound. A high point for me was doing the Freedom Concert in East Berlin, when we did Beethoven's Ninth Symphony on Christmas morning in 1989. The wall was coming down, and Leonard Bernstein changed the German text in the Ode to Joy from "joy" to "freedom." It was a very moving experience. You heard hammers and pickaxes from the concert hall...