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The Wisdom of Finance: Discovering Humanity in the World of Risk and Return"Entertaining and informative. Desai takes us on a journey through the fundamentals of finance, from asset pricing to risk and risk management, via options, mergers, debt, and bankruptcy." John Lanchester, The New Yorker "A fascinating new perspective on modern finance," Oliver Hart, 2016 Nobel Laureate in Economics "Lucid, witty and delightfully erudite From the French revolution to film noir, from the history of probability to Jane Austen and The
"Entertaining and informative. Desai takes us on a journey through the fundamentals of finance, from asset pricing to risk and risk management, via options, mergers, debt, and bankruptcy."- John Lanchester, The New Yorker "A fascinating new perspective on modern finance," --Oliver Hart, 2016 Nobel Laureate in Economics "Lucid, witty and delightfully erudite...From the French revolution to film noir, from the history of probability to Jane Austen and The Simpsons, this is an astonishing intellectual feast." --Sebastian Mallaby, author of The Man Who Knew: The Life and Times of Alan Greenspan Longlisted for 2017 Financial Times/McKinsey Business Book of the Year A 2017 AMAZON PICK IN BUSINESS & LEADERSHIP A WealthManagement.com BEST BUSINESS BOOK OF 2017 In 1688, essayist Josef de la Vega described finance as both "the fairest and most deceitful business . . . the noblest and the most infamous in the world, the finest and most vulgar on earth." The characterization of finance as deceitful, infamous, and vulgar still rings true today - particularly in the wake of the 2008 financial crisis. But, what happened to the fairest, noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming, and worthy as it can be fraught with questionable practices. Today, 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, in his "last lecture" to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before. This book captures Desai's lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession. The mix of finance and the humanities creates unusual pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks's The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives. Among many surprising parallels, 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 a refreshing new perspective on one of the world's most complex and misunderstood professions.
Binding Type: Hardcover
Publisher: Houghton Mifflin
Published: 05/23/2017
ISBN: 9780544911130
Pages: 240
Weight: 0.75lbs
Size: 8.40h x 5.70w x 1.10d
Review Citations: Publishers Weekly 02/27/2017
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★★★★★ 5
So much room
Color: Silver
The build quality is great! With spacious functionality & I love the color!
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Reviewed in the United States on November 19, 2024
★★★★★ 5
Beautiful bag and great quality!
Color: Gold
I can use it for any occasion, it's beautiful!
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Reviewed in the United States on December 2, 2024
★★★★★ 5
Really Perfect
Color: Bronze
Why did you pick this product vs others?:
I was looking for a bronze metallic clutch and this fit the purpose completely. Enough room for several items, yet still small enough to call it a clutch. I love it.
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Reviewed in the United States on June 23, 2025
★★★★★ 3
Beautiful but has the smell!
Match perfectly with my shoes. Pretty and big enough to carry yet still a clutch. Pretty tassel. Chain looks cheap and flimsy but I wanted clutch.
However I would have ordered the pricier version, that’s designer because it STILL has, despite perfume, fabric spray, Tide spray, that HORRIBLE smell. I needed to use for event, if not I would have returned
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Reviewed in the United States on June 13, 2023
★★★★★ 5
Beautiful
Color: Bronze
This purse is absolutely beautiful. Nice size and can use the strap or not. The bronze color is vibrant and a show stopper
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Reviewed in the United States on April 8, 2024