The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

4.05 avg rating
( 1,517 ratings by Goodreads )
 
9780544911130: The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
View all copies of this ISBN edition:
 
 

“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.    

"synopsis" may belong to another edition of this title.

From the Author:

MIHIR DESAIR is the Mizuho Financial Group Professor of Finance at Harvard Business School and a professor of law at Harvard Law School. His research is regularly cited in major publications, and he has testified several times before Congress.
 

About the Author:

Mihir A. Desai was born in India and raised in Hong Kong and New Jersey. As a professor and award-winning teacher at Harvard Business School and Harvard Law School, Desai teaches finance, tax law, entrepreneurship and has recently developed an online finance course for the HBX platform. His scholarship on corporate finance, international finance and tax policy has prompted several invitations to testify before the U.S. Congress and serves as the basis of his advisory role to leading global companies and organizations.
 

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9781788160049: The Wisdom of Finance: Discovering Humanity in the World of Risk and Return [Hardcover] Mihir Desai

Featured Edition

ISBN 10: 1788160045 ISBN 13: 9781788160049
Publisher: PROFILE BOOKS, 2017
Hardcover

9781788160056: The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance

PROFIL..., 2018
Softcover

Top Search Results from the AbeBooks Marketplace

Stock Image

1.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: > 20
Seller:
Ebooksweb
(Bensalem, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: New. . Seller Inventory # 52GZZZ00ALPF_ns

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

2.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 3
Seller:
Booklot
(Philadelphia, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: New. . Seller Inventory # 530ZZZ005WCA_ns

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

3.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 3
Seller:
Vital Products
(Southampton, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: New. . Seller Inventory # 536ZZZ0028PF_ns

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

4.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 3
Seller:
BookShop4U
(PHILADELPHIA, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: New. . Seller Inventory # 52ZZZZ0028PE_ns

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

5.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 3
Seller:
Bookhouse
(Philadelphia, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Condition: New. . Seller Inventory # 532ZZZ0028PE_ns

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

6.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 3
Seller:
Booklot
(Philadelphia, PA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Condition: New. . Seller Inventory # IR-BN-R-9780544911130

More information about this seller | Contact this seller

Buy New
US$ 14.66
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

7.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 1
Seller:
pickabook
(Daly City, CA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: New. Seller Inventory # mon0000212372

More information about this seller | Contact this seller

Buy New
US$ 11.20
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds
Stock Image

8.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 1
Seller:
GlassFrogBooks
(Hawthorne, CA, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Condition: New. A+ Customer service! Satisfaction Guaranteed! Book is in NEW condition. Seller Inventory # 054491113X-2-1

More information about this seller | Contact this seller

Buy New
US$ 18.84
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Seller Image

9.

Desai, Mihir
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 10
Seller:
booksXpress
(Freehold, NJ, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Hardcover. Condition: new. Seller Inventory # 9780544911130

More information about this seller | Contact this seller

Buy New
US$ 20.75
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

10.

Mihir Desai, Mihir Desai
Published by Houghton Mifflin Harcourt (2017)
ISBN 10: 054491113X ISBN 13: 9780544911130
New Hardcover Quantity available: 5
Seller:
GreatBookPrices
(Columbia, MD, U.S.A.)

Book Description Houghton Mifflin Harcourt, 2017. Condition: New. Seller Inventory # 28693685-n

More information about this seller | Contact this seller

Buy New
US$ 18.32
Convert currency

Add to Basket

Shipping: US$ 2.64
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book