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

  • 6h 29m 51s
  • Mihir A. Desai
  • Blackstone Audio, Inc. dba Blackstone Publishing
  • 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 that insiders can reacquaint themselves with the core humanity of their profession.

In this Audiobook

  • Chapter 1 - The Wheel of Fortune
  • Chapter 2 - Risky Business
  • Chapter 3 - On Value
  • Chapter 4 - Becoming a Producer
  • Chapter 5 - No Romance Without Finance
  • Chapter 6 - Living the Dream
  • Chapter 7 - Failing Forward
  • Chapter 8 - Why Everyone Hates Finance