Sinopse

'Capital ideas evolving' recounts the process by which financial theory has migrated from the ivory towers of academia to the rough-and-tumble world of Wall Street. This book is a follow-up to Bernstein's landmark work, 'Capital ideas' (1992), which described the breakthrough financial theories of a small group of academics. Their insights laid the intellectual groundwork for many of the innovations, new products, and strategies that are revolutionizing today's world of finance. Based on personal interviews with leading academics and pioneering investment practitioners, 'Capital ideas evolving' demonstrates how these financial theories now shape the underlying structure of portfolio management and market behavior, sparking important innovations such as portable alpha and fresh insights into the risk/return trade-off.

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