Beschreibung Finance and Philosophy: Why We're Always Surprised. "Pollock tells us all we need to know about money and banking, risk and uncertainty, debt and temptation, and science and economics. He delights as he instructs.ÂÂJames Grant, founder and editor, GrantÂs Interest Rate ObserverFinance and Philosophy provides a concise and witty account of how bankers and financial regulators think, of the alleged causes of the cycles of booms and busts, of the implicit and often un-thought-out assumptions shaping retirement finance, fiat money, corporate governance. Pollock deftly shows how poorly bankers have measured the risk their banks have been exposed to. With candor and clarity, he uncovers the persistent and unavoidable uncertainty inherent in the business of banking. We learn that a bankerÂs confidence in his ability to measure banking risk accurately is the lure which has repeatedly led to bank failures. Pollock has a modest and compelling suggestion: Acknowledge the unavoidability of ignorance with respect to financial risk, and, in the light of this ignorance of the future, act moderately.
Finance and Philosophy: Why Weâre Always Surprised Kindle ~ Finance and Philosophy: Why Weâre Always Surprised - Kindle edition by Pollock, Alex J.. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Finance and Philosophy: Why Weâre Always Surprised.
: Customer reviews: Finance and Philosophy: Why ~ The title Finance and Philosophy; Why Weâre Always Surprised does not actually inspire confidence that the book will be entertaining, educational, yes, but still I definitely thought it would be rather dry and boring. To my very pleasant surprise, the book was both educational and entertaining. If I ever have the good fortune to meet Mr. Pollock, Iâm going to take him out for coffee and .
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