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Fischer Black and the Revolutionary Idea of Finance | Session 1
Reading Group
Location:
Online
Type:
Other
YSI Presenters
Description
This is the first of three sessions on Perry Mehrling's 2005 book Fischer Black and the Revolutionary Idea of Finance.
https://www.amazon.com/Fischer-Black-Revolutionary-Idea-Finance/dp/1118203569/
From Mehrling's Amazon Author Page:
My second book, Fischer Black and the Revolutionary Idea of Finance (Wiley 2005), tells the story of the rise of modern finance, both as a set of ideas and as a set of institutions, that transformed the monetary landscape starting in about 1970.
This week, we discuss the prologue and the first five chapters:
- Prologue: The Price of Risk
- Chapter 1: Thou Living Ray of Intellectual Fire
- Chapter 2: An Idea in the Rough
- Chapter 3: Some Kind of Education
- Chapter 4: Living Up to the Model
- Chapter 5: Tortuous Economic Intuition
Focus especially on Chapter 3 pages 93–98 "where the essentials of Fischer's interpretation of CAPM are laid out." These pages discuss the automatic portfolio rebalancing scenario that Mehrling presents in Lecture 22.
Hosted by Working Group(s):
Attendees
Alex Howlett
Lokesh Shah
Jay Pocklington
James Mugo
Jorge Zaccaro
Ryan Payne
Shengbei Guo
Carl Kelleher
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