![]() Fischer Black, Myron Scholes, and Robert Merlon, who paved the way for the creation of financial derivatives and new ways of controlling risk.William Sharpe, who shook the pillars of the investment establishment by asserting that the market cannot be beaten.Harry Markowitz, who wrote about optimizing the tradeoff between risk and reward.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: ![]() Capital Ideas 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. ![]()
0 Comments
Leave a Reply. |