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Capital Ideas Evolving Audiobook
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(3.02) - 52 listener ratings
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Publisher Description
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 here 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 audio book brings to life the individuals, ideas and issues that are transforming the financial landscape.
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"good book about the history of financial modelling. gives some insights into particular model conceptions, e.g., Black and Scholes. "
— Jose (4 out of 5 stars)
Quotes
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“This fine and eminently readable book is unlikely to be surpassed as the definitive chronicle of a truly historic era.”
— John Bogle, founder of the The Vanguard Group -
“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, Money magazine -
“Reading Capital Ideas Evolving is an experience not to be missed.”
— Linda B. Strumpf, Vice President and Chief Investment Officer, The Ford Foundation -
“Peter Bernstein once again has produced a masterpiece that is must reading for practitioners, educators and students of finance.”
— André F. Perold, Professor of Finance, Harvard Business School -
“Mr Bernstein has yet again produced a book that is insightful and thought-provoking.”
— The Economist -
…“an enthusiastic study of the academics whose theories have revolutionized global markets…also a great primer in the ideas that currently govern the way the world's money is invested.”
— Financial Times
Capital Ideas Evolving Listener Reviews
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" 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 <br/> "
— Converse, 7/5/2010 -
" Story of how academic thought began to infiltrate wall-street with their washington-mathmatatatics... Finance 101 all over again. "
— Ming, 1/28/2009
About 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.
About Lloyd James
Lloyd James (a.k.a. Sean Pratt) has been a working professional actor in theater, film, television, and voice-overs for more than thirty years. He has narrated over one thousand audiobooks and won numerous Earphones Awards and nominations for the Audie Award and the Voice Arts Award. He holds a BFA degree in acting from Santa Fe University, New Mexico.