Capital Ideas and Market Realities - The True Story of Investment Innovations and Market Crashes (Hardcover)

Sifts through the evidence of the 1987 stockmarket crash to unravel the lessons of those events for dynamic hedging and market volatility. The text examines how institutional investors' failure to learn those lessons helped destabilize the market and usher in the market falls of October 1997. Bruce Jacobs delivers insights into the complex ways in which investment ideas, and the products born of these ideas, are linked to each other and to the behaviour of financial markets which can rise or fall by 200 points in one day.