Download The Wisdom of Finance: Discovering Humanity in the World of Risk and Return AudioBook Free
In 1688 essayist Josef de la Vega explained finance as both "the fairest & most deceitful business...the noblest and the most infamous in the world, the finest & most vulgar on the planet." The characterization of finance as deceitful, infamous, and vulgar still wedding rings true today - especially 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 strike on an important truth that has been forgotten: Funding can be equally as principled, life-affirming, and suitable as it can be fraught with doubtful practices. Today finance is shrouded in enigma for outsiders, while many insiders are uneasy with the disrepute with their profession. How can finance are more accessible and also recover its nobility? Harvard Business College professor Mihir Desai, in his last lecture to the graduating Harvard MBA course of 2015, took up the cause of restoring mankind to finance. With incisive wit and irony, his lecture drew after a rich understanding of literature, film, history, and beliefs to make clear the inner workings of finance in a manner that hasn't been seen before. This e book catches Desai's lucid exploration of the ideas of finance as seen through the uncommon prism of the humanities. Through this book, creative methodology, Desai demonstrates outsiders can gain access to the underlying ideas easily and that insiders can reacquaint themselves with the primary humanity with their profession. The mixture of finance and the humanities creates uncommon pairings: Jane Austen and Anthony Trollope are courses to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Manufacturers shows us about fiduciary responsibility. In Desai's perspective, the ideas of finance provide answers to critical questions inside our lives. Among many unexpected parallels, bankruptcy shows us how to respond to failing, the lessons of mergers apply to marriages, and the capital asset costing model demonstrates the true value of interactions. The Wisdom of Funding is a wholly unique e book offering a relaxing new perspective using one of the world's most intricate and misunderstood occupations.
