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Capital Ideas The Improbable Origins of Modern Wall Street

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ISBN-10: 0471731749

ISBN-13: 9780471731740

Edition: 1992

Authors: Peter L. Bernstein

List price: $23.00
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"Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars, the development of new theories of risk, valuation, and investment returns by the next generation of scholars, to the actual implementation of these theories in the real world of investment management. Starting with the French mathematician Louis Bachelier who wrote the unpredictability of stock prices in early 1900s, Bernstein brings to life a variety of brilliant academics who contributed to modern investment theory. The characters include Harry Markowitz who wrote about optimizing the trade-off between risk and reward. William Sharpe who shook the pillars of the investment establishment…    
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Book details

List price: $23.00
Copyright year: 1992
Publisher: John Wiley & Sons, Incorporated
Publication date: 6/20/2005
Binding: Paperback
Pages: 368
Size: 6.00" wide x 8.90" long x 1.00" tall
Weight: 1.056
Language: English

Peter L. Bernstein graduated magna cum laude from Harvard College with a degree in economics. After serving as a member of the research staff at the Federal Reserve Bank of New York and at the Office of Strategic Services in Washington, Bernstein joined the the Air Force, attaining the rank of captain serving in World War II, and assigned to the Office of Strategic Services. After the war, Bernstein taught economics for many years as an adjunct professor on the Graduate Faculty of the New School for Social Research in New York. In 1951, after teaching economics at Williams College and spending five years in commercial banking, Bernstein became Chief Executive of a nationally known…    

Introduction: The Revolution in the Wealth of Nations
Setting the Scene
Are Stock Prices Predictable?
The Whole and the Parts
Fourteen Pages to Fame
The Interior Decorator Fallacy
The Most Important Single Influence
The Demon of Chance
Illusions, Molecules, and Trends
Anticipating Prices Properly
The Search for High P.Q.
What Are Stocks Worth?
The Best at the Price
The Bombshell Assertions
Risky Business
The Universal Financial Device
From Gown to Town
The Constellation
The Accountant for Risk
The Ultimate Invention
The Future
The View from the Top of the Tower
Bibliography and Other Sources
Name Index
Subject Index