"This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player." -- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power. Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.
DealBook (blog), New York Times, July 10, 2012. http://dealbook.nytimes.com/2012/07/10/q-and-a-understandinglibor. ——. “Taped Calls about Akamai ... In The New Palgrave Dictionary of Money and Finance, eds. Peter Newman, Murray Milgate, ...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.
In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing ...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.
An update of a classic book in the field, Modern Portfolio Theory examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios.
This is not just a tale of money and models; it is a fascinating and contemporary story about people and the power of their ideas." —Elroy Dimson, BGI Professor of Investment Management, London Business School "Capital Ideas Evolving ...
Another component of the program, hidden in the January minutes, appears in a memorandum from W. Randolph Burgess to Harrison: “most of the points of our January program have now been achieved: rail wages have been reduced, ...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.
... Ferdinand Pecora. Inshort, the academic world and the general public both perceived the stock market as little more than a playground for speculators. Markowitz himself was onlyincidentally interested in the stockmarket or ...
Why the book is interesting today is that it still is important and the most authoritative work on how to value financial assets.