Product Details
Category - Non Fiction / Business & Economics
Format - Hardcover
Condition - Like New
Listed - 2 months ago
Views - 1
Ships From - Michigan
Est. Publication Date - Dec 1991
Seller Description
When the recession of 1974 hit Wall Street, the investments profession desperately turned to the theories of a small and unlikely group of academics for guidance in finding a way to regain the value of their clients' holdings. Some of these scholars had begun to study stock prices merely as an expedient way to test the properties of large numbers, but inadvertently, they laid the intellectual foundation for a revolution in commerce. Peter L. Bernstein shows how Wall Street first fought, and then embraced, the advances wrought in the academic seminars and technical journals that ultimately transformed the art of investing.
Overview
Capital Ideas: The Improbable Origins of Modern Wall Street
ISBN: 9780029030110
Publisher Description
Reveals how a small group of scholars--Harry Markowitz, William Sharpe, Merton Miller, and others--laid the foundation for a revolution in commerce with theories they developed after the recession in ...
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