Normal view MARC view ISBD view

Capital ideas evolving Peter L. Bernstein.

By: Bernstein, Peter L.
Hoboken, N.J. John Wiley & Sons ©2007Description: xxii, 282 páginas, [8] láminas ilustrado 24 cm.ISBN: 9780471731733.Subject(s): Finance | Investments | Finanzas | InversionesDDC classification: 658.15 Online resources: Table of contents only
Contents:
The behavioral attack -- Who could design a brain ... -- The strange paradox of behavioral finance : "neoclassical theory is a theory of sharks" -- The theoreticians -- Paul A. Samuelson : the worldly philosopher -- The institutionalists -- Robert C. Merton : "risk is not an add-on" -- Andrew Lo : "the only part of economics that really works" -- Robert Shiller : the people's risk manager -- The engineers -- Bill Sharpe : "it's dangerous to think of risk as a number" -- Harry Markowitz : "you have a little world" -- Myron Scholes : "omega has a nice ring to it" -- The practitioners -- Barclays global investors : "it was an evangelical undertaking" -- The Yale endowment fund : uninstitutional behavior -- CAPM II : the great alpha dream machine : we don't see expected returns -- Making alpha portable : "that's become the new mantra" -- Martin Leibowitz : CAPM in a new suit of clothes -- Goldman Sachs asset management : "I know the invisible hand is still there" -- Capital ideas tomorrow -- Nothing stands still.
Review: "In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those of us 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 in their ivory towers during the years from 1954 to 1972. Yet those breakthrough theories would in time earn five Nobel Prizes in Economic Science. Baloney they were not." "In Capital Ideas Evolving, 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 the towers of ivory to the 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 strategics."--BOOK JACKET.
List(s) this item appears in: Gestion Financiera | Bibliografía Contaduría | Bib. Maestría en Administración | Administración actualizado | Negocios Internacional
Tags from this library: No tags from this library for this title. Log in to add tags.
    average rating: 0.0 (0 votes)
Item type Current location Collection Call number Copy number Status Date due Barcode Item holds
Libros Libros Biblioteca Central
General 658.15 / B531c (Browse shelf) Ej.1 Available 8000022246
Total holds: 0

Incluye referencias bibliográficas (p. 252-259) e índice.

Pt. I. The behavioral attack -- 1. Who could design a brain ... -- 2. The strange paradox of behavioral finance : "neoclassical theory is a theory of sharks" -- Pt. II. The theoreticians -- 3. Paul A. Samuelson : the worldly philosopher -- The institutionalists -- 4. Robert C. Merton : "risk is not an add-on" -- 5. Andrew Lo : "the only part of economics that really works" -- 6. Robert Shiller : the people's risk manager -- The engineers -- 7. Bill Sharpe : "it's dangerous to think of risk as a number" -- 8. Harry Markowitz : "you have a little world" -- 9. Myron Scholes : "omega has a nice ring to it" -- Pt. III. The practitioners -- 10. Barclays global investors : "it was an evangelical undertaking" -- 11. The Yale endowment fund : uninstitutional behavior -- 12. CAPM II : the great alpha dream machine : we don't see expected returns -- 13. Making alpha portable : "that's become the new mantra" -- 14. Martin Leibowitz : CAPM in a new suit of clothes -- 15. Goldman Sachs asset management : "I know the invisible hand is still there" -- Pt. IV. Capital ideas tomorrow -- 16. Nothing stands still.

"In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those of us 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 in their ivory towers during the years from 1954 to 1972. Yet those breakthrough theories would in time earn five Nobel Prizes in Economic Science. Baloney they were not." "In Capital Ideas Evolving, 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 the towers of ivory to the 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 strategics."--BOOK JACKET.

There are no comments for this item.

Log in to your account to post a comment.

Click on an image to view it in the image viewer

Powered by Koha