Book Hack
The Wisdom of FinanceBy Mihir A Desai

In a Nutshell

The Wisdom Of Finance identifies the differences and similarities between the world of money and personal experiences like relationships, drawing inspiration from these intertwined areas of life.

Favorite Quote

We should experience as much as possible - just as insurance companies must - in order to make good decisions and understand the world with the right probabilities.

Mihir A. Desai

Introduction

The 2008 recession hasn't simply affected people financially. As the market crashed, millions lost their jobs and faced eviction.

It's become common to think of the greedy financial system as the originator of large-scale problems like this one.

Sometimes the selfishness of big businesses is evident and our negative outlook on them is justified. But finance has its positive sides – if we know where to look for them.

And as much as we can think of finance as a cynical, detached endeavor, the financial world has a lot to do with our relationships and personal lives in general.

Mihir A. Desai is an economist, bestselling author, and Harvard Business School professor.

In The Wisdom of Finance, he unravels a new perspective of the world of economy and allows us to view it from a human perspective.

Here are the 3 key insights from this Hack

  1. 1.
    Diversification isn't simply about investment portfolios, it can actually benefit your life
  2. 2.
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  3. 3.
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