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The Wisdom of Finance Summary

Mihir A Desai

The Wisdom of Finance

by Mihir A Desai

The Wisdom of Finance

Mihir A Desai

Clock Icon5 min
Insight Icon3 key insights
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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.

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The Wisdom of Finance

by Mihir A Desai

The Wisdom of Finance

Mihir A Desai

Overview

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.

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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

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The Wisdom of Finance

Mihir A Desai

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