Capital Ideas
The Improbable Origins of Modern Wall Street
by Peter L. Bernstein · first published 1991
100% recommend
"Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management. Starting with the French mathematician Louis Bachelier - who wrote about the unpredictability of stock prices in the early 1900s - Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years."--BOOK JACKET.
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…Help Make You Rich - by Jason Zweig # Rational Investing in Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make Today - by Larry Swedroe Financial History # Against the Gods and Capital Ideas - by Peter L. Bernstein # Devil Take the Hindmost: A History of Financial Speculation - by Edward Chancellor # A Random Walk Down Wall Street - by Burton Malkiel Like others here have mentioned, http://www.bogleheads.org/…
on “Ask HN: Best books/source to learn about investing?” ↗…shaky assumptions. If a model gives you a different value than the market, it's more likely you found a flawed model than a mispriced security. Here I actually have a very readable book to recommend: Capital ideas, by Peter Bernstein. And last but not least, one of the most enlightening sources, although systematically biased in favour of free markets and international trade: the economist, I mean the magazine.
on “Ask HN: Favorite Books or Articles about Economics?” ↗…Lever of Riches, by Joel Mokyr 2. Guns Germs and Steel, by Jared Diamond 3. A Farewell to Alms, by Gregory Clark 4. Power and Prosperity, by Mancur Olsen 5. Carnage and Culture, Victor Davis Hanson 6. Capital Ideas, by Peter Bernstein 7. The Geodesic Network, by Peter Huber
on “Ask HN: What history of economics and technology book would you recommend?” ↗FWIW this would be my list of books every investor should read, which is different from what you should read to work in finance but anyway ... Capital Ideas: The Improbable Origins of Modern Wall Street by Peter L. Bernstein. A lively introduction to the theoretical foundations of modern finance and their history, Markowitz, Sharpe, etc. https://www.amazon.com/Capital-Ideas-Improbable-Origins-Mode...…
on “Ask HN: What are the must-read books about economics/finance?” ↗