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The Pillars of Finance

The Misalignment of Finance Theory and Investment Practice

  • Book
  • © 2014

Overview

Authors:
  1. Guy Fraser-Sampson

    1. Cass Business School, London, UK

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  • Fraser-Sampson is a regular writer on finance topics and is regularly quoted in the media. He is author of the best selling Private Equity as an Asset Class, and spent many years as an industry practitioner and conference speaker
  • This book challenges many of the 'conventions' of modern finance making it of real interest to anyone involved in or researching the industry today

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Table of contents (18 chapters)

  1. Front Matter

    Pages i-vi
    Download chapter 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
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Keywords

About this book

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.

Authors and Affiliations

  • Cass Business School, London, UK

    Guy Fraser-Sampson

About the author

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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