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When the 1974 recession hit Wall Street, investment professionals desperately turned to academia to help regain the value of their clients' holdings. ...Show synopsisWhen the 1974 recession hit Wall Street, investment professionals desperately turned to academia to help regain the value of their clients' holdings. Bernstein shows how Wall Street finally embraced the advences wrought in academic seminars and technical journals tht ultimately transformed the art of investing.Hide synopsis
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Well as Groucho Marx said "the stock market is like the casino except the casino is more fun you have women and booze. If I had read this book sooner I would know there were no gurus out there and most of the idiots running the portfolios if they had some good years it was luck. Great book for background ...
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