Extended Audio Sample

Capital Ideas Evolving Audiobook (Unabridged)

Extended Audio Sample Capital Ideas Evolving (Unabridged), by Peter L. Bernstein
3 out of 53 out of 53 out of 53 out of 53 out of 5 2.5 (49 ratings) (rate this audio book) Author: Peter L. Bernstein Narrator: Sean Pratt Publisher: Gildan Media LLC Format: Unabridged Audiobook Audio Length: Release Date:
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In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those who earn a living in the real world seldom want to appear as slaves to some set of abstract ideas. It was no surprise, therefore, that the word baloney was Wall Street's greeting to the pioneering theories of finance developed by a small group of academics from 1954-1972. Yet those breakthrough theories would in time earn five Nobel Prizes in Economic Science. Baloney they were not.

Bernstein, today's foremost financial historian, expands upon his groundbreaking book of 1992, Capital Ideas: The Improbable Origins of Modern Wall Street, to recount how these financial theories finally migrated from towers of ivory to towers of glass on Wall Street and other financial centers around the world. The result has been a global revolution in the nature of financial markets, the menu of investment strategies, the development of exotic financial instruments, and the role of an uncertain future in all investment decisions. Even the academics who originally developed these theories are active today in the markets and in the creation of new financial structures and strategies.

Based on personal interviews with leading practitioners and theorists, this audio describes how today's key practical applications developed from the core ideas of finance theory into the new and exciting formats of the investment process found in today's environment. This engaging and insightful audiobook brings to life the individuals, ideas and issues that are transforming the financial landscape. Download and start listening now!

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Listener Reviews

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Review by Converse | 7/5/2010

    " An overview of standard modern portfolio theory, mainly since WW II but with some pre-war antecedents. Probably showing more of the equations would be helpful to rhe reader's understanding
    "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Review by Ming | 1/28/2009

    " Story of how academic thought began to infiltrate wall-street with their washington-mathmatatatics... Finance 101 all over again. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Jose | 1/19/2009

    " good book about the history of financial modelling. gives some insights into particular model conceptions, e.g., Black and Scholes. "

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About the Author
Author Peter L. Bernstein

Peter L. Bernstein, one of the foremost financial writers of his generation, is the author of the bestseller Against the Gods: The Remarkable Story of Risk and The Power of Gold: The History of an Obsession. He is president of Peter L. Bernstein, Inc., an investment consulting firm he founded in 1973. He is also the founding editor of the Journal of Investment Management and lectures widely throughout the United States and abroad.