#23020
Mentioned in 2 episodes
Capital Ideas
The Improbable Origins of Modern Wall Street
Book • 1991
This book traces the development of modern Wall Street by highlighting the contributions of pioneering scholars such as Harry Markowitz, William Sharpe, Franco Modigliani, and others.
It delves into the origins of key financial theories, including the efficient markets hypothesis, the Capital Asset Pricing Model (CAPM), and arbitrage pricing theory.
Bernstein explains how these abstract economic concepts were translated into practical applications in investment management, including the creation of index funds, portfolio insurance, and tactical asset allocation.
It delves into the origins of key financial theories, including the efficient markets hypothesis, the Capital Asset Pricing Model (CAPM), and arbitrage pricing theory.
Bernstein explains how these abstract economic concepts were translated into practical applications in investment management, including the creation of index funds, portfolio insurance, and tactical asset allocation.
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Mentioned in 2 episodes
Recommended by Michael Mauboussin for learning about the evolution of financial concepts.
TIP421: Expectations Investing w/ Michael Mauboussin
