The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street - Brossura

Fox, Justin

 
9780060599034: The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

Sinossi

The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefs—most significantly, the theory that financial markets always get things right. Justin Fox's The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people and ideas that forged modern finance and investing—from the formative days of Wall Street through the Great Depression and into the financial calamities of today. It's a tale featuring professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage. It's also a story of free-market capitalism's war with itself.

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Informazioni sull?autore

Justin Fox is a columnist for Bloomberg Opinion, where he also contributes to Bloomberg Weekend and Bloomberg Businessweek and makes wonky videos that occasionally go viral. He previously served as editorial director of the Harvard Business Review, originated the "Curious Capitalist" column and blog for Time, and was a writer and editor at Fortune. He started out in journalism as farm editor of a small daily paper in California’s San Joaquin Valley, and has been a senior fellow at Harvard Kennedy School and a Young Global Leader of the World Economic Forum. He lives in New York City.

Dalla quarta di copertina

The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefs—most significantly, the theory that financial markets always get things right. Justin Fox's The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people and ideas that forged modern finance and investing—from the formative days of Wall Street through the Great Depression and into the financial calamities of today. It's a tale featuring professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage. It's also a story of free-market capitalism's war with itself.

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