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

Description: The Wisdom of Finance by Mihir Desai Putting the humanity back into finance by looking at the professions core principles through the prism of art, literature and film. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Longlisted for the FT & McKinsey Business Book of the Year Award 2017Finance 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 finances 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 Desais 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 worlds most complex and misunderstood professions. Notes A new perspective on the world of finance by looking at the professions core principles through art, literature and film. Author Biography Mihir 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.Find him on Twitter @desaimihir | Review A charming, provocative and readable book. * Financial Times *Those familiar with the world of finance will have their perspective shifted, and for the rest of us, Desai provides a welcome entry. * The Boston Globe *A fascinating new perspective on modern finance -- Oliver Hart, 2016 Nobel Laureate in EconomicsLucid, 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 GreenspanThis book is startling, a stunning, erudite, fascinating look at the world as we think we know it, but its a world where all roads lead to finance, and in particular, insurance. Highly recommended. -- Seth Godin, author of Purple CowA fascinating romp through history and Desai is to be commended for finding fresh examples away from the obvious reference points ... highly original. * Money Week *Desai skilfully makes his subject accessible without dumbing it down. * Director magazine *Desais approach will broaden and enrich any perspective. * Publishers Weekly *For those of us who have long believed that the field of finance was more than a way to make a good living, Mihir Desai has written a liberating book. He shows us how an understanding of the humanities can increase our effectiveness as financial practitioners and add a dimension of joy to process. -- Byron R. Wien, Vice Chairman, Multi-Asset Investments, Blackstone GroupThe Wisdom of Finance offers a thoughtful explanation of how money works that recognises how perverted the industry can be, but which also argues that "there is great value - and there are great values - in finance" ... This is a charming, provocative and readable book. For non-financiers, it can be a great teaching tool; for financiers, it is a badly needed rap on the knuckles, and perhaps an inspiration. * Financial Times *Mihir Desai is a fortunate person: he is an expert economist who is also well-read. In this book he uses his skills to provide a fascinating new perspective on modern finance, showing how the main concepts have parallels in literature and the arts. Students of finance will learn literature, students of literature will learn finance, and everybody will learn something. -- Oliver Hart, 2016 Nobel Laureate in EconomicsThe Wisdom of Finance is fascinating and delightful throughout. Desai explains the world of economics to those who love literature and the world of literature to those who are passionate about economics. And if you enjoy both - well, then you are in for an extra-special treat. I kept shouting aloud: "I get it, I finally get it!" Here is a book that will make you richer in spirit - and maybe in money, too. -- Will Schwalbe, New York Times bestselling author of The End of Your Life Book Club and Books for LivingThe Wisdom of Finance is required reading for anyone interested in finance or in pursuing a career in the industry. Mihir eloquently traces the products, practices, and services of our modern financial system to their roots while providing literary context and illustration. Its a refreshing approach to what can be a turgid topic, and it can provide practitioners with a new appreciation (and understanding) of their role in their companies, the industry, and in the broader economy. -- Vikram Pandit, Chairman and CEO of The Orogen Group and former CEO of Citigroup.In The Wisdom of Finance, Mihir Desai masterfully achieves two goals - bringing great clarity to how finance works and why it is important, and shining a bright light on how the humanities helps us to better understand our lives and world. -- Clayton Rose, president of Bowdoin CollegeMihir Desai brilliantly applies original lessons drawn from the world of finance to enable all of us to lead more secure, fulfilling and happier lives. Using myriad examples from historical sources and current experiences, Desai takes essential financial theories and translates them into easily understood ways to enrich and improve our lives. -- Bill George, former chairman and CEO of Medtronic and author of Discover Your True NorthThe Wisdom of Finance does for the global economy what Alain de Bottons How Proust Can Change Your Life did for French literature: it expands our idea of an obscure topic and illuminates its centrality to your everyday. This is a work of true philosophy and passion, incorporating thinkers and artists from E. O. Wilson to Jeff Koons elegantly into our understanding of how we make choices. In a chaotic world, everyone should read Mihir Desais extraordinary debut. -- Lea Carpenter, author of Eleven DaysThe Wisdom of Finance is that rare book that manages to be both illuminating and truly fun to read. It puts in deeply human terms ideas that have so often become caricatured and one-dimensional. You will be glad you spent time with Mihir Desai, and you will think of several people to whom you will send this book once youve finished. -- Gayle Lemmon, author of Ashleys WarMihir Desai has written a thoughtful and remarkable book. It takes us not only on a functional journey about the role of finance in society, but also an ethical and social one. -- Rakesh Khurana, dean of Harvard CollegeA scholar who is equally at home with art, literature, contemporary culture and financial theory, Mihir Desai improbably brings these worlds together in an absorbing, personal narrative that has much to teach us about how they are deeply connected. -- Will Goetzmann, author of Money Changes Everything; Edwin J. Beinecke Professor of Finance and Management Studies; Director, International Center for Finance, Yale School of ManagementThis slender but erudite treatise...does valuable work toward demystifying finance for laypeople and deepening the art for practitioners. Desais approach will broaden and enrich any perspective. * Publishers Weekly *Mihir has written a remarkable book - he uses the humanities to demystify and humanize finance. It is a remarkable intellectual accomplishment that those within finance - and those curious about it - will enjoy deeply. -- Deepak S Parekh, Chairman, HDFC LtdDesai takes a real step towards creating a dialogue of disciplines ... if only more people - whether financiers or academics - could combine with such finesse economic knowledge and an appreciation of the human condition. * Times Higher Education Supplement *A beautiful book for everyone. -- Sarah Kauss * Drapers *By linking to literature, history and philosophy, [Desai] tries to build deeper resonance. It is a daring, intriguing work, offbeat and fascinating, something both practitioners of finance and the general public can learn from. * The Globe and Mail *Fascinating ... [Desai] regrets the chasm between finance and the rest of society, and he sets out to bridge it with a warm-hearted and engaging set of stories -- John Lanchester * New Yorker * Promotional Putting the humanity back into finance by looking at the professions core principles through the prism of art, literature and film. Long Description Putting the humanity back into finance by looking at the professions 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 finances 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 Desais 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 worlds most complex and misunderstood professions. Review Text A charming, provocative and readable book. Promotional "Headline" Putting the humanity back into finance by looking at the professions core principles through the prism of art, literature and film. Author Comments A lively, accessible and erudite account that simplifies complex notions of finance and uses them to solve our most human of dilemmas Details ISBN1788160053 Author Mihir Desai Pages 240 Publisher Profile Books Ltd Language English Year 2018 ISBN-10 1788160053 ISBN-13 9781788160056 Format Paperback Media Book Imprint Profile Books Ltd Subtitle How the Humanities Can Illuminate and Improve Finance Place of Publication London Country of Publication United Kingdom DEWEY 332 Publication Date 2018-04-19 Short Title The Wisdom of Finance UK Release Date 2018-04-19 AU Release Date 2018-04-19 Edition Description Main Audience Tertiary & Higher Education NZ Release Date 2018-06-26 Alternative 9781782834229 We've got this At The Nile, if you're looking for it, we've got it. 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