Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance

Mihir Desai, a Harvard Business School professor, argues that finance can become more accessible and recover its nobility by combining it with the humanities. He uses literature, film, history, and philosophy to explain finance's inner workings and shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession.

\n Format: Paperback / softback
\n Length: 240 pages
\n Publication date: 19 April 2018
\n Publisher: Profile Books Ltd
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Finance, often perceived as a mysterious realm for outsiders, is also met with unease among many insiders due to the profession's disrepute. However, Harvard Business School professor Mihir Desai aims to reclaim the noble essence of finance. Through a captivating blend of literature, film, history, and philosophy, Desai unravels the intricacies of finance, making it accessible to all. By employing a creative approach, he demonstrates that outsiders can grasp the fundamental principles of finance, while insiders can reconnect with the core values of their profession. This unique fusion of finance and the humanities yields intriguing pairings, such as Jane Austen and Anthony Trollope guiding risk management, Jeff Koons advocating for leverage, and Mel Brooks' The Producers imparting lessons on fiduciary responsibility. In Desai's vision, finance offers valuable insights into critical aspects of our lives, including bankruptcy as a response to failure, mergers as a metaphor for marriages, and the Capital Asset Pricing Model illustrating the true value of relationships. The Wisdom of Finance stands as a groundbreaking work, providing a fresh and invigorating perspective on one of the world's most complex and misunderstood professions.

Finance, often perceived as a mysterious realm for outsiders, is also met with unease among many insiders due to the profession's disrepute. However, Harvard Business School professor Mihir Desai aims to reclaim the noble essence of finance. Through a captivating blend of literature, film, history, and philosophy, Desai unravels the intricacies of finance, making it accessible to all. By employing a creative approach, he demonstrates that outsiders can grasp the fundamental principles of finance, while insiders can reconnect with the core values of their profession. This unique fusion of finance and the humanities yields intriguing pairings, such as Jane Austen and Anthony Trollope guiding risk management, Jeff Koons advocating for leverage, and Mel Brooks' The Producers imparting lessons on fiduciary responsibility. In Desai's vision, finance offers valuable insights into critical aspects of our lives, including bankruptcy as a response to failure, mergers as a metaphor for marriages, and the Capital Asset Pricing Model illustrating the true value of relationships. The Wisdom of Finance stands as a groundbreaking work, providing a fresh and invigorating perspective on one of the world's most complex and misunderstood professions.

\n Weight: 202g\n
Dimension: 198 x 129 x 19 (mm)\n
ISBN-13: 9781788160056\n
Edition number: Main\n