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The cover of Capital Ideas

Capital Ideas

Peter L. Bernstein

Where did the ideas behind modern investing come from, and why were they built by scholars rather than by people on Wall Street?

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At a glance

Author
Peter L. Bernstein

Why read it

  • You will understand why risk and return belong together and how investors learned to measure risk
  • You will learn why professionals doubt that stock prices can be predicted
  • You will see why much of the fear and resentment aimed at modern Wall Street is misplaced

Who it is for

  • A saver who owns funds and wants to know how they work
  • A finance student who wants the story behind the formulas
  • Someone puzzled by why markets crash and professionals disagree

Contents

  1. Introduction: The Revolution in the Wealth of Nations
  2. PART I
  3. Setting the Scene
  4. Chapter 1
  5. Are Stock Prices Predictable?
  6. It is doubtful.
  7. PART II
  8. The Whole and the Parts
  9. Chapter 2
  10. Fourteen Pages to Fame
  11. Chapter 3
  12. The Interior Decorator Fallacy
  13. Chapter 4
  14. The Most Important Single Influence
  15. PART III
  16. The Demon of Chance
  17. Chapter 5
  18. Illusions, Molecules, and Trends
  19. Chapter 6
  20. Anticipating Prices Properly
  21. Chapter 7
  22. The Search for High P.Q.
  23. PART IV
  24. What Are Stocks Worth?
  25. Chapter 8
  26. The Best at the Price
  27. Chapter 9
  28. The Bombshell Assertions
  29. Chapter 10
  30. Risky Business
  31. Chapter 11
  32. The Universal Financial Device
  33. PART V
  34. From Gown to Town
  35. Chapter 12
  36. The Constellation
  37. Chapter 13
  38. The Accountant for Risk
  39. Chapter 14
  40. The Ultimate Invention
  41. PART VI
  42. The Future
  43. Chapter 15
  44. The View from the Top of the Tower

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