Capital Ideas: The Improbable Origins of Modern Wall Street

Capital Ideas: The Improbable Origins of Modern Wall Street

Peter L. Bernstein


Capital Ideas lines the origins of recent Wall highway, from the pioneering paintings of early students and the improvement of recent theories in threat, valuation, and funding returns, to the particular implementation of those theories within the genuine global of funding administration. Bernstein brings to existence various terrific lecturers who've contributed to fashionable funding thought through the years: Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller. packed with in-depth insights and undying suggestion, Capital rules unearths how the original contributions of those proficient members profoundly replaced the perform of funding administration as we all know it this day.

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