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Capital Ideas: The Improbable Origins Of Modern Wall Street

Capital Ideas: The Improbable Origins Of Modern Wall Street

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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. Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years, including Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller.

Details of Book

ISBN13: 9780471731740
ISBN10: 0471731749
Language: English
Publisher: Wiley
Publication Year: 2005
Format: Paperback

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A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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  • One Line Summary

    Historical foundations of modern investment theory explained.

  • Who is this book for?

    If you're curious about how today's Wall Street practices and theories came to be, this book is a fascinating journey through the minds of the pioneers. Bernstein vividly depicts the evolution of ideas that revolutionized investing, making complex concepts accessible and engaging. It's a must-read for anyone interested in the history and science behind successful investing.

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