Capital Ideas Evolving
"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
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This system is not intended to diminish the value of products with a low number of ratings and reviews, they're great, and hopefully very helpful, but if you want our advice, we want to make sure that the product you're thinking of buying has been rated and reviewed by enough shoppers like you to be a valuable indicator of product quality.
| From: Amazon Posted: Sep 19, 2007 Type: User Review |
Capital Ideas Evolving
This was not an easy read, but it was worth it. I received my MBA in 1976. Much of this book was an explanation of the effects of the Capital Asset Pricing Model (CAPM) on current investment practices. He assumes that the reader is well versed...
|
 4.00/5 |
| From: Amazon Posted: Aug 21, 2007 Type: User Review |
Ludicrous
Maybe this is a great intro to classic theory, but then there is something wrong with classical thinking.
|
 1.00/5 |
| From: Amazon Posted: Aug 02, 2007 Type: User Review |
Accessible explanation of the foundations of finance
In the early 1950s, graduate student Harry Markowitz presented his Ph.D. dissertation to the University of Chicago economics department. The response was less than encouraging. "This isn't a dissertation in economics," Milton Friedman told...
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 5.00/5 |
| From: Amazon Posted: Jul 28, 2007 Type: User Review |
Unique and sunsurpassed.
I have recommended this and his previous book for finance graduate students at the University of Maryland.
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5.00/5 |
| From: Amazon Posted: Jul 19, 2007 Type: User Review |
An excellent book
This book should be on your book shelf. I would critize the book in that although it recommends against portfolios of individual securities it does not warn the investor against professional portfolio managers.
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5.00/5 |
| From: Amazon Posted: May 18, 2007 Type: User Review |
It's the uncertainty versus risk problem all over again-2.5 stars
Bernstein still is not able( or willing) to carefully weigh the additional historical and empirical evidence that has been presented since 1996,when his " Against the Gods " appeared,concerning the reliance of " modern " finance theory on...
|
 3.00/5 |
| From: Amazon Posted: Jan 02, 2007 Type: User Review |
The Theory and Practice of Finance in the nutshell
This is a required book for any student of finance. It captures all the essence of finance theory in the most intuitive fashion. The very special treat of this book is the ending chapters: how people on Wall Street apply the theory to the real...
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5.00/5 |
| From: Amazon Posted: Dec 06, 2006 Type: User Review |
Demystifies investing and the stock market
This is a very well written book which looks at the stock market from a statistical and empirical perspective. It presents overwhelming scientific evidence that it is very unlikely that stock picking adds any value. He presents very interesting...
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5.00/5 |
| From: Amazon Posted: Sep 03, 2006 Type: User Review |
A fantastic book for undergraduate students in the field of Finance
I strongly recommend this book for students who have heard of the various theories in the field of finance. Bernstein describes the logical explanations behind the most popular financial innovations of the 20th century. If you are a finance...
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5.00/5 |
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