Capital Ideas. Bernstein Peter L.

with rows of people sitting at computing desks. With everything being done by the computer, a “trading floor” is no longer needed. But there always has been a trading floor, so there still is.

3

Hansell (1989).

4

I am grateful to McCloskey (1992) for the quotation from Dante.

5

Wien (1990).

6

Institutional Investor staff (1977).

7

The editor of this book read the term in a journal article of the 1970s.

8

Vosti (1990).

9

Treynor, PC&I.

10

Judson (1979).

11

Gould (1991).

12

Vertin (1974).

13

Cootner (1964).

14

Bachelier (1900).

15

Bachelier (1900).

16

Bachelier (1900).

17

All the quotes in this paragraph are from Mandelbrot (1987).

18

Bachelier (1900).

19

Bachelier (1900).

20

Bachelier (1900).

21

Bachelier (1900).

22

Bachelier (1900).

23

Bachelier (1900).

24

Bachelier (1900).

25

Fama, PC&I.

26

Bachelier (1900).

27

Wallis (1981).

28

Wallis (1981).

29

Wallis (1981).

30

Samuelson, PC&I.

31

Samuelson (1973).

32

Wendt (1982).

33

Wendt (1982).

34

Wendt (1982).

35

Wendt (1982).

36

Wendt (1982).

37

Today, the industrials include all stocks that are not utilities, railroads, airlines, or truckers.

38

Kopcke (1989).

39

Bloom (1974).

40

Bloom (1974).

41

Bloom (1974).

42

Rhea (1935).

43

Clapesattle (1984).

44

All quotes in this paragraph from Galbraith (1972).