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The pillars of finance /

Fraser-Sampson, Guy,

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The pillars of finance /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The pillars of finance // Guy Fraser-Sampson.
Author:	Fraser-Sampson, Guy,
Description:	1 online resource.
[NT 15003449]:	1. Introductory Chapter -- 2. Do we Approach Finance Scientifically? -- 3. Logic and Emotion -- 4. Objectivity and Subjectivity in Finance -- 5. Problems with Thinking, Feeling and Perceiving Finance -- 6. Return -- 7. Risk -- 8. Value -- 9. The Need for a New Approach -- 10. Accepting Lack of Knowledge and Understanding -- 11. Modernist Finance -- 12. The Modernist Investor.
Subject:	Investments. -
Online resource:	http://link.springer.com/10.1057/9781137264060
ISBN:	1137264063 (electronic bk.)

The pillars of finance /
Fraser-Sampson, Guy,

The pillars of finance /Guy Fraser-Sampson. - 1 online resource.

1. Introductory Chapter -- 2. Do we Approach Finance Scientifically? -- 3. Logic and Emotion -- 4. Objectivity and Subjectivity in Finance -- 5. Problems with Thinking, Feeling and Perceiving Finance -- 6. Return -- 7. Risk -- 8. Value -- 9. The Need for a New Approach -- 10. Accepting Lack of Knowledge and Understanding -- 11. Modernist Finance -- 12. The Modernist Investor.

In The Pillars of Finance, author and finance expert Guy Fraser-Sampson challenges the fundamental conventions of modern finance. He asserts that, at its core, finance is not the highly scientific, modern discipline that most would claim, but has in fact stood still for the past 50 years. Central to the book are the main pillars of the financial markets -- risk, return, and value -- pillars of financial practice that are not properly understood by the industry, as began to become clear in 2007. Instead, the industry is blinded by a quantitative maze, obsessed with mathematical solutions, stochastic models, and normal distributions, which, although they have a place, should not provide the bedrock of the global marketplace. The author also looks at the industry's overreliance on past performance. Historical data is the foundation of financial forecasting and derivatives pricing, and while much can be gleaned from the past, it cannot and should not be seen as a mirror of the future. Finally, the author provides solutions to these issues, which include the need for the industry to undergo a transformation similar to that which occurred in the Modernist movement in other fields. He argues for a return to more qualitative and informed approaches to finance, bringing back intuition, skill, responsibility, and competency. Drawing from many fields of knowledge, including philosophy, psychology, and history, he encourages readers to question everything, rather than tamely accepting conventional wisdom. The Pillars of Finance is a lively and provocative read, challenging some of the core beliefs of modern finance. It will spark fierce debate and prove a popular read for anyone interested in modern finance.

ISBN: 1137264063 (electronic bk.)

Source: 629226Palgrave Macmillanhttp://www.palgraveconnect.com

Nat. Bib. Agency Control No.: 016727944UkSubjects--Topical Terms:

566987
Investments.
Index Terms--Genre/Form:

542853
Electronic books.

LC Class. No.: HG4521

Dewey Class. No.: 332.6

The pillars of finance /
LDR:03237cmm a2200349Ki 4500 001 1950716
003 OCoLC
005 20140910115819.0
006 m o d
007 cr cnu---unuuu
008 231227s2014 enk o 000 0 eng d
016 7 $a 016727944 $2 Uk
020 $a 1137264063 (electronic bk.)
020 $a 9781137264060 (electronic bk.)
035 $a (OCoLC)879573730
035 $a ocn879573730
035 $a 1950716
037 $a 629226 $b Palgrave Macmillan $n http://www.palgraveconnect.com
040 $a UKPGM $b eng $e rda $e pn $c UKPGM $d OCLCO $d UKMGB $d YDXCP $d OCLCF
049 $a TEFA
050 4 $a HG4521
082 0 4 $a 332.6 $2 23
100 1 $a Fraser-Sampson, Guy, $e author. $3 3649079
245 1 4 $a The pillars of finance / $c Guy Fraser-Sampson.
264 1 $a Basingstoke : $b Palgrave Macmillan, $c 2014.
300 $a 1 online resource.
336 $a text $2 rdacontent
337 $a unmediated $2 rdamedia
338 $a volume $2 rdacarrier
505 0 $a 1. Introductory Chapter -- 2. Do we Approach Finance Scientifically? -- 3. Logic and Emotion -- 4. Objectivity and Subjectivity in Finance -- 5. Problems with Thinking, Feeling and Perceiving Finance -- 6. Return -- 7. Risk -- 8. Value -- 9. The Need for a New Approach -- 10. Accepting Lack of Knowledge and Understanding -- 11. Modernist Finance -- 12. The Modernist Investor.
520 $a In The Pillars of Finance, author and finance expert Guy Fraser-Sampson challenges the fundamental conventions of modern finance. He asserts that, at its core, finance is not the highly scientific, modern discipline that most would claim, but has in fact stood still for the past 50 years. Central to the book are the main pillars of the financial markets -- risk, return, and value -- pillars of financial practice that are not properly understood by the industry, as began to become clear in 2007. Instead, the industry is blinded by a quantitative maze, obsessed with mathematical solutions, stochastic models, and normal distributions, which, although they have a place, should not provide the bedrock of the global marketplace. The author also looks at the industry's overreliance on past performance. Historical data is the foundation of financial forecasting and derivatives pricing, and while much can be gleaned from the past, it cannot and should not be seen as a mirror of the future. Finally, the author provides solutions to these issues, which include the need for the industry to undergo a transformation similar to that which occurred in the Modernist movement in other fields. He argues for a return to more qualitative and informed approaches to finance, bringing back intuition, skill, responsibility, and competency. Drawing from many fields of knowledge, including philosophy, psychology, and history, he encourages readers to question everything, rather than tamely accepting conventional wisdom. The Pillars of Finance is a lively and provocative read, challenging some of the core beliefs of modern finance. It will spark fierce debate and prove a popular read for anyone interested in modern finance.
588 $a Description based on print version record.
650 0 $a Investments. $3 566987
655 7 $a Electronic books. $2 lcsh $3 542853
710 2 $a Palgrave Connect (Online service) $3 1081578
776 0 8 $i Print version: $a Fraser-Sampson, Guy, author. $t Pillars of finance $z 9781137264053 $w (OCoLC)872982022
856 4 0 $3 Palgrave Connect $u http://link.springer.com/10.1057/9781137264060