Share

Fischer Black and the Revolutionary Idea of Finance

2011-11-30 Business & Economics
Download Fischer Black and the Revolutionary Idea of Finance PDF Online Free

Author :
Release : 2011-11-30
Genre : Business & Economics
Kind : eBook
Book Rating : 630/5 ( reviews)

GET EBOOK


Book Synopsis Fischer Black and the Revolutionary Idea of Finance by : Perry Mehrling

Download or read book Fischer Black and the Revolutionary Idea of Finance written by Perry Mehrling. This book was released on 2011-11-30. Available in PDF, EPUB and Kindle. Book excerpt: praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE "The story of Fischer Black. . . . is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street. . . . Mehrling's book is fascinating." FINANCIAL TIMES "A fascinating history of things we take for granted in our everyday financial lives." THE NEW YORK TIMES "Mehrling's book is essential reading for anyone interested in the development of modern finance or the life of an idiosyncratic creative genius." PUBLISHERS WEEKLY "Fischer Black was more than a vital force in the development of finance theory. He was also a character. Perry Mehrling has captured both sides of the picture: the evolution of thinking about the pricing of risk and time, as well as the thinkers, especially this fascinating eccentric, who worked it out." ROBERT M. SOWLO, Nobel laureate and Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology "Although I worked closely with Fischer for nine years at Goldman Sachs and clearly recognized both his genius and the breadth and originality of his ideas, until I read this book, I had only the vaguest grasp of the source of his inspiration and no understanding at all of the source of his many idiosyncrasies." BOB LITTERMAN, Partner, Kepos Capital "Perry Mehrling has done a remarkable job of tracing the intellectual and personal development of one of the most original and complex thinkers of our generation. Fischer Black deserved it: a charming and brilliant book about a charming and brilliant man." ROBERT E. LUCAS JR., Nobel laureate and Professor of Economics, The University of Chicago

Capital Ideas

2012-09-11 Business & Economics
Download Capital Ideas PDF Online Free

Author :
Release : 2012-09-11
Genre : Business & Economics
Kind : eBook
Book Rating : 989/5 ( reviews)

GET EBOOK


Book Synopsis Capital Ideas by : Peter L. Bernstein

Download or read book Capital Ideas written by Peter L. Bernstein. This book was released on 2012-09-11. Available in PDF, EPUB and Kindle. Book excerpt: 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. Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years: Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller. Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today.

The New Lombard Street

2010-11-08 Business & Economics
Download The New Lombard Street PDF Online Free

Author :
Release : 2010-11-08
Genre : Business & Economics
Kind : eBook
Book Rating : 263/5 ( reviews)

GET EBOOK


Book Synopsis The New Lombard Street by : Perry Mehrling

Download or read book The New Lombard Street written by Perry Mehrling. This book was released on 2010-11-08. Available in PDF, EPUB and Kindle. Book excerpt: How the U.S. Federal Reserve began actively intervening in markets Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis—but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system. Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets—most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

Business Cycles and Equilibrium

2009-11-02 Business & Economics
Download Business Cycles and Equilibrium PDF Online Free

Author :
Release : 2009-11-02
Genre : Business & Economics
Kind : eBook
Book Rating : 176/5 ( reviews)

GET EBOOK


Book Synopsis Business Cycles and Equilibrium by : Fischer Black

Download or read book Business Cycles and Equilibrium written by Fischer Black. This book was released on 2009-11-02. Available in PDF, EPUB and Kindle. Book excerpt: An updated look at what Fischer Black's ideas on business cycles and equilibrium mean today Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions. With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Business Cycles and Equilibrium-with its theory that economic and financial markets are in a continual equilibrium-is one of his books that still rings true today, given the current economic crisis. This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new introduction by the person who knows Black best: Perry Mehrling, author of Fischer Black and the Revolutionary Idea of Finance (Wiley). Mehrling goes inside Black's life to uncover what was occurring during the time Black wrote Business Cycles and Equilibrium, while also shedding light on what Black would make of today's financial and economic meltdown and how he would best advise to move forward. The essays within this book reach some interesting conclusions concerning the role of equilibrium in a developed economy Warns about the use and abuse of modeling Explains the risky business of risk in a straightforward and accessible style Contains chapters dedicated to "the effects of uncontrolled banking," "the trouble with econometric models," and "the effects of noise on investing" Includes commentary on Black's life and work at the time Business Cycles and Equilibrium was written as well as insight as to what Black would make of the current financial meltdown Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what is really going on during these uncertain and volatile financial times.

Review of the Book 'Fischer Black and the Revolutionary Idea of Finance'

2014
Download Review of the Book 'Fischer Black and the Revolutionary Idea of Finance' PDF Online Free

Author :
Release : 2014
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Review of the Book 'Fischer Black and the Revolutionary Idea of Finance' by : Neeta Jain

Download or read book Review of the Book 'Fischer Black and the Revolutionary Idea of Finance' written by Neeta Jain. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: The world of finance cannot be imagined without the concept of risks and returns and these concepts are incomplete without the contribution of late Fischer Sheffey Black. Fischer Sheffey Black well known for 'Black-Scholes' formula for the valuation of stock options. But knowing Fischer for 'Black-Scholes' formula only, would be an injustice with our knowledge itself. This is the point where Perry Mehrling's book 'Fischer Black and Revolutionary of Finance' is a welcome attempt. This book takes us into reality that the Fischer's contribution is much more than the 'Black-Scholes' formula. Though the author states that the 'Black-Scholes' formula of option pricing brought the derivatives revolution in finance and it was to finance, what the discovery of the structure of DNA was to biotechnology. The book is not only writing about a great man but also about how a revolutionary idea of finance was developed. The revolutionary idea of finance about which author is talking is the idea of risk, how to deal with it in different situations.

You may also like...