Mihir Desai on Demystifying Finance

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Summary

• Mihir Desai on Demystifying Finance Harvard Business Professor and Author of The Wisdom of Finance teaches basic financial concepts through stories We see finance everywhere, from our retirement assets to our investments in housing and education.

• Yet, many smart people still find finance intimidating.

• Key ideas like insurance, leverage, risk, value creation, mergers and bankruptcies remain shrouded in mystery for the majority of people who spend their days on Main Street instead of Wall Street.

• The 2008 financial crisis revealed that we could all benefit from a clearer understanding of how markets work.

• Yet, too often finance is taught in ways that are dry, technical, or jargon-filled.