{"product_id":"capital-ideas-isbn-9780471731740","title":"Capital Ideas","description":"\u003ci\u003eCapital Ideas\u003c\/i\u003e 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: Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller. 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.  Acknowledgments.  \u003cp\u003eIntroduction: The Revolution in the Wealth of Nations.\u003c\/p\u003e \u003cp\u003ePART I: SETTING THE SCENE.\u003c\/p\u003e \u003cp\u003eChapter 1. Are Stock Prices Predictable?\u003c\/p\u003e \u003cp\u003ePART II: THE WHOLE AND THE PARTS.\u003c\/p\u003e \u003cp\u003eChapter 2. Fourteen Pages to Fame.\u003c\/p\u003e \u003cp\u003eChapter 3. The Interior Decorator Fallacy.\u003c\/p\u003e \u003cp\u003eChapter 4. The Most Important Single Influence.\u003c\/p\u003e \u003cp\u003ePART III: THE DEMON OF CHANCE.\u003c\/p\u003e \u003cp\u003eChapter 5. Illusions, Molecules, and Trends.\u003c\/p\u003e \u003cp\u003eChapter 6. Anticipating Prices Properly.\u003c\/p\u003e \u003cp\u003eChapter 7. The Search for High P.Q.\u003c\/p\u003e \u003cp\u003ePAR IV: WHAT ARE STOCKS WORTH?\u003c\/p\u003e \u003cp\u003eChapter 8. The Best at the Price.\u003c\/p\u003e \u003cp\u003eChapter 9. The Bombshell Assertions.\u003c\/p\u003e \u003cp\u003eChapter 10. Risky Business.\u003c\/p\u003e \u003cp\u003eChapter 11. The Universal Financial Device.\u003c\/p\u003e \u003cp\u003ePART V: FROM GOWN TO TOWN.\u003c\/p\u003e \u003cp\u003eChapter 12. The constellation.\u003c\/p\u003e \u003cp\u003eChapter 13. The Accountant for Risk.\u003c\/p\u003e \u003cp\u003eChapter 14. The Ultimate Invention.\u003c\/p\u003e \u003cp\u003ePART VI: THE FUTURE.\u003c\/p\u003e \u003cp\u003eChapter 15. The View form the Top of the Tower.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eBibliography and Other Sources.\u003c\/p\u003e \u003cp\u003eName Index.\u003c\/p\u003e \u003cp\u003eSubject Index.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePETER L. BERNSTEIN,\u003c\/b\u003e one of the foremost financial writers of his generation, is the author of the bestselling, \u003ci\u003eAgainst the Gods: The Remarkable Story of Risk\u003c\/i\u003e and \u003ci\u003eThe Power of Gold: The History of an Obsession\u003c\/i\u003e, both from Wiley, as well as five other books. He is President of Peter L. Bernstein, Inc., an investment consulting firm he founded in 1973 after many years of managing billions of dollars in individual and institutional portfolios. He is the founding Editor of the \u003ci\u003eJournal of Investment Management\u003c\/i\u003e. He has lectured widely throughout the United States and abroad, and has received the highest honors from his peers in the investment profession.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCAPITAL IDEAS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"What a fantastic book!\"\u003cbr\u003e \u003cb\u003e—John C. Bogle, Founder of The Vanguard Group, Inc.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCapital Ideas\u003c\/i\u003e 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 mathematician 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: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHarry Markowitz, who wrote about optimizing the tradeoff between risk and reward\u003c\/li\u003e \u003cli\u003eWilliam Sharpe, who shook the pillars of the investment establishment by asserting that the market cannot be beaten\u003c\/li\u003e \u003cli\u003eFischer Black, Myron Scholes, and Robert Merton, who paved the way for the creation of financial derivatives and new ways of controlling risk\u003c\/li\u003e \u003cli\u003eFranco Modigliani and Merton Miller, who extolled the central role of arbitrage in determining the value of securities\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and timeless advice, \u003ci\u003eCapital Ideas\u003c\/i\u003e reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988883456229,"sku":"NP9780471731740","price":23.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471731740.jpg?v=1761781908","url":"https:\/\/k12savings.com\/es\/products\/capital-ideas-isbn-9780471731740","provider":"K12savings","version":"1.0","type":"link"}