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. Bernstein brings to life a variety of brilliant academics who have contributed
to modern investment theory over the years: Louis Bachelier, Harry Markowitz, William
Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller.
Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique
contributions of these talented individuals profoundly changed the practice of investment
management as we know it today.
Table of Contents
Acknowledgments.
Introduction: The Revolution in the Wealth of Nations.
PART I: SETTING THE SCENE.
Chapter 1. Are Stock Prices Predictable?
PART II: THE WHOLE AND THE PARTS.
Chapter 2. Fourteen Pages to Fame.
Chapter 3. The Interior Decorator Fallacy.
Chapter 4. The Most Important Single Influence.
PART III: THE DEMON OF CHANCE.
Chapter 5. Illusions, Molecules, and Trends.
Chapter 6. Anticipating Prices Properly.
Chapter 7. The Search for High P.Q.
PART IV: WHAT ARE STOCKS WORTH?
Chapter 8. The Best at the Price.
Chapter 9. The Bombshell Assertions.
Chapter 10. Risky Business.
Chapter 11. The Universal Financial Device.
PART V: FROM GOWN TO TOWN.
Chapter 12. The constellation.
Chapter 13. The Accountant for Risk.
Chapter 14. The Ultimate Invention.
PART VI: THE FUTURE.
Chapter 15. The View form the Top of the Tower.
Notes.
Bibliography and Other Sources.
Name Index.
Subject Index.
Paperback
360 pages