Capital Ideas: The Improbable Origins of Modern Wall Street

Bernstein, Peter L.

ISBN 10: 0029030129 / ISBN 13: 9780029030127

Edité par Free Press, 1993

Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. N° de réf. du vendeur 00096104643

Synopsis :

Book by Bernstein Peter L

Quatrième de couverture: CAPITAL IDEAS

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:

• Harry Markowitz, who wrote about optimizing the tradeoff between risk and reward
• William Sharpe, who shook the pillars of the investment establishment by asserting that the market cannot be beaten
• Fischer Black, Myron Scholes, and Robert Merton, who paved the way for the creation of financial derivatives and new ways of controlling risk
• Franco Modigliani and Merton Miller, who extolled the central role of arbitrage in determining the value of securities

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.

Détails bibliographiques

Titre : Capital Ideas: The Improbable Origins of ...
Éditeur : Free Press
Date d'édition : 1993
Reliure : Couverture souple
Etat : Good