Peter Bernstein, a Harvard graduate and former member of the research staff of the Federal Reserve Bank of New York, he was an Air Force captain in World War II, in the Office of Strategic Services. His latest book, Capital Ideas: The Improbable Origins of Modern Wall Street, was recently translated into Japanese, French and Swedish editions. He is a past winner of the Silbert annual Economic Forecasting Award for accuracy, timeliness and professionalism in economic forecasting. Peter Bernstein's direct consulting relationships include major institutional investors — both managers and those whose assets are managed.