Capital Ideas Evolving

A Note on Usage.

PART I: THE BEHAVIORAL ATTACK.

1. Who Could Design a Brain . . . .

2. The Strange Paradox of Behavioral Finance: “Neoclassical Theory Is a Theory of Sharks”,

PART II: THE THEORETICIANS,

3. Paul A. Samuelson: The Worldly Philosopher.

The Institutionalists.

4. Robert C. Merton: “Risk Is Not an Add-On”.

5. Andrew Lo: “The Only Part of Economics That Really Works”.

6. Robert Shiller: The People’s Risk Manager.

The Engineers.

7. Bill Sharpe: “It’s Dangerous to Think of Risk as a Number”.

8. Harry Markowitz: “You Have a Little World”.

9. Myron Scholes: “Omega Has a Nice Ring to It”.

PART III: THE PRACTITIONERS.

10. Barclays Global Investors: “It Was an Evangelical Undertaking”.

11. The Yale Endowment Fund: Uninstitutional Behavior.

12. CAPM II: The Great Alpha Dream Machine: We Don’t See Expected Returns.

13. Making Alpha Portable: “That’s Become the New Mantra”.

14. Martin Leibowitz: CAPM in a New Suit of Clothes.

15. Goldman Sachs Asset Management: “I Know the Invisible Hand Is Still There”.

PART IV: CAPITAL IDEAS TOMORROW.

16. Nothing Stands Still.

Notes.

Bibliography.

Acknowledgments.

Index.