The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
In his provocative new book, Wisdom of Finance: Discovering Humanity in the World of Risk and Return, Mihir Desai, Professor of Finance at Harvard Business School, sets out his thesis: there is actually a deep connection between finance and morality. At its root, these two worlds are both animated by the same question: How do we pursue and create value? Through the use of entertaining case studies from literature, history, philosophy, music, movies, theater, and comedy, Professor Desai shows origins of the financial value creation in the “non-finance” world.
In the July 2017 interview on his newly released book published at Forbes, Professor Desai stated "finance is being demonized by many people who don’t fully understand the underlying ideas. That demonization is quite counterproductive, as finance is too important to society to be caricatured in simplistic ways. And, the easiest way into these ideas is through stories. At the same time, the best hope for fixing finance is to reconnect practitioners to the humanity of the underlying ideas of finance.”
Please join the CFA Society Boston’s members, their friends and significant others for a presentation featuring Professor Mihir Desai and his book The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. The presentation will be followed by a reception.
Below are some of the stories and lessons that these teach that will be discussed at the event:
- Lessons on corporate governance and fiduciary duty formulated by Max Bialystock and Leopold Blum from The Producers, Broadway comedy movie and musical
- Ideas on balancing risk and returns shared by Jane Austen and her friend in the best-selling Pride and Prejudice book and movie
- Lessons on diversification and prudent use of leverage formulated by a successful farmer, Alexandra Bergson, from O Pioneers! book and movie
Mihir A. Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and a Professor of Law at Harvard Law School. Professor Desai's areas of expertise include tax policy, international finance, and corporate finance. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His academic publications have appeared in leading economics, finance, and law journals, such as The Wall Street Journal, Tax Notes, The New York Times, and The Harvard Business Review. He is a Research Associate in the National Bureau of Economic Research's Public Economics and Corporate Finance Programs, and served as the co-director of the NBER's India program. He received his Ph.D. in political economy from Harvard University; his MBA as a Baker Scholar from Harvard Business School; and a bachelor's degree in history and economics from Brown University.
Boston College Club
100 Federal Street
Boston, MA 02210
Non- Members: $70
CE CreditCFA Boston has determined that this event qualifies for 1 CE credit hour under the guidelines of CFA Institute's Continuing Education Program. If you are a CFA Institute member, CE credit for your participation in this event will be automatically recorded in your CE tracking tool.