"A lot has happened in the financial markets since 1992, when PeterBernstein wrote his seminal Capital Ideas. Happily, Peter has takenup his facile pen again to describe these changes, a virtualrevolution in the practice of investing that relies heavily oncomplex mathematics, derivatives, hedging, and hyperactive trading.This fine and eminently readable book is unlikely to be surpassedas the definitive chronicle of a truly historic era."
--John C. Bogle, founder of The Vanguard Group andauthor, The Little Book of Common Sense Investing
"Just as Dante could not have understood or survived the perils ofthe Inferno without Virgil to guide him, investors today need PeterBernstein to help find their way across dark and shifting ground.No one alive understands Wall Street's intellectual history better,and that makes Bernstein our best and wisest guide to the future.He is the only person who could have written this book; thankgoodness he did."
--Jason Zweig, Investing Columnist, Moneymagazine
"Another must-read from Peter Bernstein! This well-written andthought-provoking book provides valuable insights on how keyfinance theories have evolved from their ivory tower formulation toprofitable application by portfolio managers. This book willcertainly be read with keen interest by, and undoubtedly influence,a wide range of participants in international finance."
--Dr. Mohamed A. El-Erian, President and CEO of HarvardManagement Company, Deputy Treasurer of Harvard University, andmember of the faculty of the Harvard Business School
"Reading Capital Ideas Evolving is an experience not to bemissed. Peter Bernstein's knowledge of the principal characters-thegiants in the development of investment theory and practice-bringsthis subject to life."
--Linda B. Strumpf, Vice President and Chief InvestmentOfficer, The Ford Foundation
"With great clarity, Peter Bernstein introduces us to the insightsof investment giants, and explains how they transformed financialtheory into portfolio practice. This is not just a tale of moneyand models; it is a fascinating and contemporary story about peopleand the power of their ideas."
--Elroy Dimson, BGI Professor of Investment Management,London Business School
"Capital Ideas Evolving provides us with a uniqueappreciation for the pervasive impact that the theory of modernfinance has had on the development of our capital markets. PeterBernstein once again has produced a masterpiece that is mustreading for practitioners, educators and students offinance."
--André F. Perold, Professor of Finance, HarvardBusiness School