Capital Ideas : The Improbable Origins of Modern Wall Street

by
Edition: Reprint
Format: Paperback
Pub. Date: 1993-03-29
Publisher(s): Free Press
List Price: $15.70

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Summary

When the 1974 recession hit Wall Street, investment professionals desperately turned to academia to help regain the value of their clients' holdings. Bernstein shows how Wall Street finally embraced the advences wrought in academic seminars and technical journals tht ultimately transformed the art of investing.

Table of Contents

Acknowledgments ix
Introduction: The Revolution in the Wealth of Nations 1(16)
PART I Setting the Scene
Are Stock Prices Predictable?
17(24)
PART II The Whole and the Parts
Fourteen Pages to Fame
41(20)
The Interior Decorator Fallacy
61(14)
The Most Important Single Influence
75(16)
PART III The Demon of Chance
Illusions, Molecules, and Trends
91(21)
Anticipating Prices Properly
112(14)
The Search for High P.Q.
126(23)
PART IV What Are Stocks Worth?
The Best at the Price
149(14)
The Bombshell Assertions
163(18)
Risky Business
181(22)
The Universal Financial Device
203(30)
PART V From Gown to Town
The Constellation
233(20)
The Accountant for Risk
253(16)
The Ultimate Invention
269(28)
PART VI The Future
The View from the Top of the Tower
297(10)
Notes 307(12)
Bibliography and Other Sources 319(11)
Name Index 330(3)
Subject Index 333

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