A Treasury of Wall Street Wisdom.

First edition of this anthology of foundational investment philosophies and market techniques from 21 legendary financial figures. Octavo, original publisher's cloth, illustrated. Boldly signed by Jamie Dimon on the front free endpaper and lengthily signed by Burton Malkiel below, "A great collection of traditional Wall Street wisdom but be careful. Traditional paradigms can fail us in a rapidly changing world Burton Malkiel." Jamie Dimon and Burton G. Malkiel represent two of the most consequential and intellectually formidable figures in modern American finance, whose careers have intersected most meaningfully not through personal collaboration but through the sustained tension between the two dominant philosophies of investment that each, in his respective sphere, most powerfully embodies. Dimon, the longtime Chairman and Chief Executive Officer of JPMorgan Chase and one of the most respected banking executives in the world, built the largest bank in the United States by market capitalization through a philosophy of disciplined active management, rigorous institutional risk assessment, and the conviction that skilled and motivated human judgment remains indispensable to the creation of superior financial outcomes in banking and investment. Malkiel, the Chemical Bank Chairman's Professor of Economics Emeritus at Princeton University, board member of Vanguard, and author of the landmark A Random Walk Down Wall Street (1973), spent more than five decades marshaling empirical evidence for the diametrically opposed proposition: that active management cannot consistently beat the market net of fees, that the evidence for market efficiency is overwhelming, and that some $5.7 trillion now sitting in index funds represents the practical vindication of a thesis that investment professionals loudly decried when he first advanced it. The intellectual tension between their positions mirrors one of the deepest and most consequential debates in the history of finance. Fine in a very good dust jacket. Book and jacket design by Ted Miserendino, Inc. Rare and desirable.