Regular price: £19.99

Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – choose any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • Free, unlimited access to Audio Shows
  • After your trial, Audible is just £7.99/month
OR
In Basket

Summary

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.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2017 Mihir Desai (P)2017 Profile Audio

What members say

Average customer ratings

Overall

  • 4.5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    5
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0

Performance

  • 4.5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    5
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0

Story

  • 4 out of 5 stars
  • 5 Stars
    2
  • 4 Stars
    6
  • 3 Stars
    2
  • 2 Stars
    0
  • 1 Stars
    0
Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Magnificent and never more crucial than now

I wrote a long thread on Twitter this morning describing the impact this book has had on me. Whether you are in finance or not, this book is equally crucial. The world ahead has never been more uncertain. Do you understand this? This is not a time for fear. It is a time to respect the time and tools we have at our disposal to transform the lives of present and future generations. It is a time when empathy must be practiced with peak sophistication and mathematical logic recognised for its limitations and yes, its incredible value. After reading this, contemplating it, and discussing it, you will attain a sophistication that will make you greedier than ever, for the right things. Buy this. Listen. Think. And discuss.

Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Anonymous User
  • 27-08-17

Insightful and inspirational

I had been waiting for this book to be available in my country. Approcing and explaining finance intuitively is art that Mihir Desai masters. As is shown in the book the phenomenons of finance are intertwined in life in so many ways. If more professors could teach by shedding light on their subjects linkage to other fields, enlightenment would be easier to achieve.