Last week I provided my reading list for developing the right character for work that I give to new members of my team. This week, I’ll give my reading list for the knowledge base they need to have in the financial industry. Some of the books are easy to read cover to cover whichever industry you are in, others are worth dipping into and out of, while some are very technical. If I’ve missed any good books let me know: Continue reading “My Reading List For Success At Work (Part 2)”
Another excerpt from my book. Any feedback welcome! This bit is about derivatives:
What these examples [Great Depression, breakdown of Bretton Woods, the creation of the euro and 2008 crisis] show is that systems work for a while, but never endure. There is a constant need to reform, tinker and experiment. And with the world becoming ever more complex, institutions need a way to lock in some form of certainty. Derivatives can provide that. By far, the most common derivative is the interest rate swap, which allows one to switch from floating interest rates to a fixed interest rate (or vice versa). Your mortgage uses this! Continue reading “What To Do In A Complex World? (2 min read)”
One thing is clear in life: there will times of success and there will be times of loss. When I think of the economy, I think of market bubbles and their collapse. When I think of my personal life, I think of times of being “in the zone” and times when I feel I have lost something or someone dear to me. So how to get one’s head around all of this? Continue reading “Dealing With Success And Loss”
In 1763, the Berlin Academy offered a prize of the best essay on the application of mathematical proofs on metaphysics. Immanuel Kant, the thinker who later revolutionized philosophy came second. So could have beat him? Continue reading “The Immortality of Risk”
(Speech given to high school students of Economics last year). Eight minute read.
It’s nice to meet so many fresh-faced budding economists. You haven’t yet become jaded with the subject as you will when you enter the real world. So let me give you a head-start and tell you how even the basics you are learning is wrong. Continue reading “Everything You Learnt Is Wrong”