Title: Outstanding scholarship wrapped in a 'John Nash-like' story
Review: The author has done a very good job on two fronts. One, he has dissected a complex area of corporate finance and made it readable to someone with a decent grasp of business. Considering the complexity of CAPM, and how far it stretched conventional wisdom, that alone would be good for 4 stars. However, Fischer Black was an extraordinary person, moving between academia and the practice of devising new financial instruments for Wells Fargo and Goldman Sachs with an aplomb few could match.If you enjoyed this book, then I heartily recommend Peter Bernstein's Capital Ideas as well.
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