In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those 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 from 1954-1972. Yet those breakthrough theories would in time earn five Nobel Prizes in Economic Science. Baloney they were not. Bernstein, today's foremost financial historian expands here upon his groundbreaking book of 1992, Capital Ideas: The Improbable Origins of Modern Wall Street, to recount how these financial theories finally migrated from towers of ivory to 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 strategies. Based on personal interviews with leading practitioners and theorists, this audio describes how today's key practical applications developed from the core ideas of finance theory into the new and exciting formats of the investment process found in today's environment. This engaging and insightful audio book brings to life the individuals, ideas and issues that are transforming the financial landscape.
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by Peter Martin
by Johathan Clements, William J. Bernstein
by Peter D. Schiff
by Peter D. Schiff, John Downes
by Peter S. Cohan
by Art Markman, Ph.D.
by Scott Mautz
by Joseph O'Connor
by Rhys Thomas
by Vic Johnson
by Peter L. Bernstein, Arthur Levitt
by Peter Carey
"Peter L. Bernstein, who died on June 5, 2009, was one of our nation's most skilled popularizers of financial history and investment concepts. For his last book--a sequel to his 1992 classic, CAPITAL IDEAS--Bernstein sat down with some of the top thinkers in finance and explored their most influential theories. Sean Pratt is a veteran narrator of finance books (including several other of Bernstein's titles), and he delivers this complex material confidently and clearly, though he stumbles on a few pronunciations that should have been caught by an editor. This is a demanding listen that will appeal to investors with an academic bent. D.B. (c) AudioFile 2009, Portland, Maine"
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