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The Wisdom of Finance

The Wisdom of Finance

How the Humanities Can Illuminate and Improve Finance

by Mihir Desai
Paperback
Publication Date: 27/06/2018

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Putting the humanity back into finance by looking at the profession's core principles through the prism of art, literature and film.

Longlisted for the FT & McKinsey Business Book of the Year Award 2017

Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility?

Harvard Business School professor Mihir Desai takes up the cause of restoring humanity to finance. With deft wit, he draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. Through this creative approach, he shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession.

This combination of finance and the humanities creates unusual and illuminating pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives: bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships.

The Wisdom of Finance is a wholly unique book, offering an enlivening new perspective on one of the world's most complex and misunderstood professions.

ISBN:
9781788160056
9781788160056
Category:
Finance
Format:
Paperback
Publication Date:
27-06-2018
Language:
English
Publisher:
Profile Books Ltd
Country of origin:
United Kingdom
Pages:
240
Dimensions (mm):
129x198x16mm
Weight:
0.24kg
Mihir Desai

Mihir Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and a Professor of Law at Harvard Law School.

An award-winning teacher and a leading scholar of corporate finance and tax policy, Professor Desai has been educating varied student populations for nearly twenty years, including senior executives from around the world, MBA students, undergraduates, and lawyers.

Professor Desai has published more than 25 case studies and a casebook, and he has testified before the US Congress on policy issues. He is the author of Wisdom of Finance (2017), which was long-listed for the Financial Times & McKinsey Business Book of the Year Award

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