Peter Bernstein’s death was reported today (8 June 2009) in Bloomberg, Pension and Investments, and The New York Times. He was a wonderful explainer and promulgator of Modern Finance Theory, Efficient Markets, and the Theory of Risk. In addition, he was the founder of the Journal of Portfolio Management.

If you would like to read lucid (and non-mathematical) descriptions of the above topics, I strongly recommend Bernstein’s “Capital Ideas” and his “Against the Gods-The Remarkable Story of Risk.” I don’t think you will be disappointed.