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Capital Ideas Evolving - cover

Capital Ideas Evolving

Peter L. Bernstein

Publisher: Wiley

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Summary

"A lot has happened in the financial markets since 1992, when Peter  Bernstein wrote his seminal Capital Ideas. Happily, Peter has taken  up his facile pen again to describe these changes, a virtual  revolution in the practice of investing that relies heavily on  complex mathematics, derivatives, hedging, and hyperactive trading.  This fine and eminently readable book is unlikely to be surpassed  as the definitive chronicle of a truly historic era."  John C. Bogle, founder of The Vanguard Group and  author, The Little Book of Common Sense Investing    "Just as Dante could not have understood or survived the perils of  the Inferno without Virgil to guide him, investors today need Peter  Bernstein to help find their way across dark and shifting ground.  No one alive understands Wall Street's intellectual history better,  and that makes Bernstein our best and wisest guide to the future.  He is the only person who could have written this book; thank  goodness he did."  Jason Zweig, Investing Columnist, Money  magazine    "Another must-read from Peter Bernstein! This well-written and  thought-provoking book provides valuable insights on how key  finance theories have evolved from their ivory tower formulation to  profitable application by portfolio managers. This book will  certainly be read with keen interest by, and undoubtedly influence,  a wide range of participants in international finance."  Dr. Mohamed A. El-Erian, President and CEO of Harvard  Management Company, Deputy Treasurer of Harvard University, and  member of the faculty of the Harvard Business School    "Reading Capital Ideas Evolving is an experience not to be  missed. Peter Bernstein's knowledge of the principal characters-the  giants in the development of investment theory and practice-brings  this subject to life."  Linda B. Strumpf, Vice President and Chief Investment  Officer, The Ford Foundation    "With great clarity, Peter Bernstein introduces us to the insights  of investment giants, and explains how they transformed financial  theory into portfolio practice. This is not just a tale of money  and models; it is a fascinating and contemporary story about people  and the power of their ideas."  Elroy Dimson, BGI Professor of Investment Management,  London Business School    "Capital Ideas Evolving provides us with a unique  appreciation for the pervasive impact that the theory of modern  finance has had on the development of our capital markets. Peter  Bernstein once again has produced a masterpiece that is must  reading for practitioners, educators and students of  finance."  Andr F. Perold, Professor of Finance, Harvard  Business School
Available since: 01/31/2011.
Print length: 304 pages.

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