The Pillars of Finance

1. Front Matter

   Pages i-vi

   PDF

2. Introduction

   • Guy Fraser-Sampson

   Pages 1-8

3. The ultimate question

   • Guy Fraser-Sampson

   Pages 9-20

4. A game of chance

   • Guy Fraser-Sampson

   Pages 21-33

5. And yet it moves

   • Guy Fraser-Sampson

   Pages 34-46

6. Finance and its supporting pillars

   • Guy Fraser-Sampson

   Pages 47-61

7. Periodic return

   • Guy Fraser-Sampson

   Pages 61-77

8. Further reflections of return

   • Guy Fraser-Sampson

   Pages 78-95

9. Thoughts on risk ( pre-War) and the influence of logical positivism

   • Guy Fraser-Sampson

   Pages 96-113

10. Thougts on risk (post-War): theory becomes dogma

    • Guy Fraser-Sampson

    Pages 114-133

11. Things fall apart

    • Guy Fraser-Sampson

    Pages 134-149

12. Risk and subjectivity

    • Guy Fraser-Sampson

    Pages 150-164

13. The shock of the new

    • Guy Fraser-Sampson

    Pages 165-177

14. Finance and science

    • Guy Fraser-Sampson

    Pages 178-191

15. It’s all in the mind, you know

    • Guy Fraser-Sampson

    Pages 192-208

16. Personality, behaviour, and decision making

    • Guy Fraser-Sampson

    Pages 209-220

17. The angel of history

    • Guy Fraser-Sampson

    Pages 221-233

18. A new approach

    • Guy Fraser-Sampson

    Pages 234-246

19. What will New Finance look like?

    • Guy Fraser-Sampson

    Pages 247-260

Written by bestselling finance author Guy Fraser-Sampson, this is a provocative account of the severe limitations of modern finance, advocating a bold new way forward for the finance industry. The Pillars of Finance is a lively and provocative read, challenging some of the core beliefs of modern finance.

• investments and securities

• Cass Business School, London, UK

  Guy Fraser-Sampson

Guy Fraser-Sampson is a Senior Fellow at Cass Business School in the City of London, UK where he creates and teaches post-graduate investment modules as well as supervising various research projects. He is a longstanding senior-level investment professional, including a period working in the Middle East as Investment Controller with the Abu Dhabi Investment Authority (reputedly the largest investor in the world), and subsequently running for several years the international operations of a leading fund manager. He is the author of several books on finance and economics including Multi Asset Class Investment Strategy and Alternative Assets: Investments for a Post-Crisis World. His best-selling Private Equity as an Asset Class has been translated into various languages and adopted as the standard text on the subject by business schools worldwide. In addition to his teaching, writing, and investment activities he has for some years also conducted consultancy and high level executive training sessions helping investors to set their activities within a strategic framework and to develop the necessary systems and processes to allow this to function properly. He is a frequent commentator on both television and radio and a well-known public speaker. Most recently his book The Mess We're In: Why Politicians Can't Fix Financial Crises has been widely covered in the media, discussed at university and think tank events, and nominated for the Orwell Prize.

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