{"product_id":"capital-ideas-book-peter-l-bernstein-9780029030127","title":"Capital Ideas","description":"\u003cp\u003e\u003cb\u003eCAPITAL IDEAS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWhat 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":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49550069039377,"sku":"GOR002733360","price":10.0,"currency_code":"USD","in_stock":true},{"title":"US \/ WELL_READ \/ SBYB","offer_id":49866410262801,"sku":"CIN0029030129A","price":4.11,"currency_code":"USD","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50316888047889,"sku":"CIN0029030129G","price":3.98,"currency_code":"USD","in_stock":true},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50337321910545,"sku":"CIN0029030129VG","price":3.98,"currency_code":"USD","in_stock":true},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":50417012441361,"sku":"GOR007675699","price":10.0,"currency_code":"USD","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50977306149137,"sku":"GOR004270394","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0029030129.jpg?v=1751451997","url":"https:\/\/www.worldofbooks.com\/products\/capital-ideas-book-peter-l-bernstein-9780029030127","provider":"World of Books ","version":"1.0","type":"link"}