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Book · recommended on 1 episode

Capital Ideas

Peter Bernstein ISBN 9780471731740

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This book by Peter Bernstein came up once on Tim Ferriss in the episodes we index. That mention was a genuine on-air recommendation, not just a passing reference. The people who brought it up: Michael Mauboussin. Every occurrence below links to the episode page and to the exact second it was said on YouTube.

What it is

"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.

Every time it came up

RecommendedTim Ferriss

Michael Mauboussin — How Great Investors Make Decisions | The Tim Ferriss Podcast

“So Peter Bernstein that is money”
“He also wrote a book called capital ideas which basically does the same thing for the history of finance. So Peter Bernstein that is money”— Michael Mauboussin

The guest here is Michael Mauboussin: Head of Consilient Research on Counterpoint Global at Morgan Stanley Investment Management, longtime Columbia Business School adjunct finance professor, and author of investing classics including Think Twice, The Success Equation, More Than You Know, and Expectations Investing. Michael Mauboussin breaks down how great investors decide: base rates, wisdom of crowds, decision biases, and complex adaptive systems.

00:45:182023-03-05