Capital Ideas: The Improbable Origins of Modern Wall Street


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When the 1974 recession hit Wall Street, investment professionals desperately turned to academia to help regain the value of their clients' holdings. Bernstein shows how Wall Street finally embraced the advences wrought in academic seminars and technical journals tht ultimately transformed the art of investing.

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Dec 18, 2008

everyone should read this book

Well as Groucho Marx said "the stock market is like the casino except the casino is more fun you have women and booze. If I had read this book sooner I would know there were no gurus out there and most of the idiots running the portfolios if they had some good years it was luck. Great book for background and current affairs even though it was written in 1992 it is timely and well written. I just wish I had read it sooner it would have saved me a lot of money. It is really unbelievable. I also recommend "A Fool and His Money"
The main point of all this is the public thinks those WAll STreet brokers know more than we do what a joke. Hello Mandoff

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