Capital Ideas by Peter L Bernstein

Capital Ideas by Peter L Bernstein

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Summary

This text examines the revolution in commerce that resulted from Wall Street's response to the 1974 recession. Bernstein shows how Wall Street first fought and then embraced the advances wrought in the academic seminars and technical journals that ultimately transformed investing.

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Capital Ideas by Peter L Bernstein

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.
SKU Unavailable
ISBN 13 9780029030110
ISBN 10 0029030110
Title Capital Ideas
Author Peter L Bernstein
Condition Unavailable
Binding Type Hardback
Publisher Simon & Schuster
Year published 1991-12-16
Number of pages 300
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.