New Book: Financial Darwinism by Leo Tilman
Professor Leo Tilman's new book: Financial Darwinism: Create Value or Self-Destruct in a World of Risk has just been released by John Wiley & Sons.
Financial Darwinism explores the origins and drivers of the ongoing tectonic financial shift, explaining that the 2007-2008 financial crisis is a culmination of these changes. The book starts with an evolutionary thesis: economic value creation in finance has undergone a fundamental transformation, with active risk-taking becoming a dominant factor in how financial institutions create (and destroy) shareholder value. An actionable decision-making framework is then introduced in order to help institutions and investors create lasting economic value across complex, uncertain, and evolving environments.
Financial Darwinism argues for the need to redesign the business models of financial institutions, redefine their strategic vision, enable their evolution, and position them for sustainable value creation. In the Foreword to the book, Edmund Phelps, the 2006 Nobel Laureate in Economics, discusses the parallels between his long-standing ideas on economic dynamism and the dynamism in finance that the book advocates.
For more information and an in-depth take on financial news from the perspective of the book, please visit www.FinancialDarwinism.com. The inaugural stories discuss:
* Borrowing From The Future: The Reaction to Wachovia's 3Q Loss
* Lessons from Goldman Sachs and Morgan Stanley Conversions
* The Fannie and Freddie Debacle
* Misdirected Attempts to Curb Executive Compensation