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The Wisdom of Finance

Discovering Humanity in the World of Risk and Return
Narrated by: Mihir Desai
Length: 6 hrs and 29 mins
4.5 out of 5 stars (29 ratings)

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Publisher's 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 Blackstone Audio, Inc

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An enjoyable read

This isn’t a detailed technical read and so if you’re searching for ‘meat’, this is not the book for you. However if you’re looking for an overview of how concepts central to Finance today have evolved from human experience, and therefore Finance has clear parallels and connections with the real world of human endeavour, this is a good read.

The rest of my audible library is filled with more technical, ‘hard’ books but I’m very glad I have this book in my library to weave it all together and to put Finance in a relevant, real context.

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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.

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  • Otis Manousakos
  • 10-08-18

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.

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