Book Review: Finance and Philosophy: Why We're Always Surprised
Nov 5, 2018 ·
58m 54s
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Description
Finance 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...
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Finance 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 banker’s 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.
Featuring:
Alex Polluck, Senior Fellow, R Street Institute
Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association
Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.
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Featuring:
Alex Polluck, Senior Fellow, R Street Institute
Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Af, American Bankers Association
Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.
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Author | The Federalist Society |
Organization | The Federalist Society |
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