When the 1974 recession hit Wall Street, investment professionals desperately turned to academia to help regain the value of their clients' holdings. Bernstein shows how Wall Street finally embraced the advences wrought in academic seminars and technical journals tht ultimately transformed the art of investing.
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Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management. Starting with the French mathema-tician Louis Bachelier—who wrote about the unpredictability of stock prices in the early 1900s—Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years:
Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today.About the Author:
Peter L. Bernstein, one of the foremost financial writers of his generation, is the author of the bestselling, Against the Gods: The Remarkable Story of Risk and The Power of Gold: The History of an Obsession, both from Wiley, as well as five other books. He is President of Peter L. Bernstein, Inc., an investment consulting firm he founded in 1973 after many years of managing billions of dollars in individual and institutional portfolios. He is the founding Editor of the Journal of Investment Management. He has lectured widely throughout the United States and abroad, and has received the highest honors from his peers in the investment profession.
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Book Description Free Press, 1993. Trade paperback. Book Condition: New. Revised ed.. Trade paperback (US). Glued binding. 352 p. Audience: General/trade. Bookseller Inventory # Alibris_0005236
Book Description Free Press, 1993. Paperback. Book Condition: New. Bookseller Inventory # DADAX0029030129
Book Description Free Press, 1993. Paperback. Book Condition: New. book. Bookseller Inventory # 0029030129
Book Description Free Press, 1993. Paperback. Book Condition: New. Bookseller Inventory # P110029030129