Description
Financial practitioners have been attempting to quantify, monitor and control financial
risk and yet, in spite of modern quantitative analysis and highly sophisticated modelling techniques they are no more successful in this than in the past - the world of finance and business just doesn't add up.
This highly controversial and thought provoking book, written in a light and humorous style will not only entertain but also challenge readers to question conventional wisdom.
This book provides a clear look at the antilogic of the business world and financial markets. It describes the background conditions that encourage the creation of antilogic and demonstrates how business personalities generate the antilogic concept.
Shows the antilogic created by accountants and looks at the role of cash and makes the
discovery that much of antilogic stems from accepting as money, something different
which is defined in the book as Vapourcash and Anticash
About the Author
BRUCE MCCOMISH has 20 years' experience in senior management roles with leading multi-national companies. His considerable boardroom expertise traverses products and services as wide-ranging as banking, food manufacture, cleaning products, forestry and mining in locations as far apart as the UK, Australia, New Zealand, US, Indonesia and Continental Europe.
He is a former Chief Financial Officer of National Australia Bank, in which capacity he was responsible for group-wide financial and management reporting, capital management, group funding, balance sheet quality, tax management, acquisitions and investor relations. His wide-ranging experience also includes, amongst others, the posts of Financial Director at Unilever Australia Ltd., Managing Director at Lever Industrial and Executive General Manager at North Ltd.
Bruce is currently Chairman and Chief Executive Officer of Burdett Buckeridge and Young, an Australian investment bank. He holds degrees in commerce and in economics and economic history and is a chartered accountant.
Reviews
".... Bruce McComish has written a book that makes it clear that nothing is as it seems in the world of business and finance. Prepare to be shocked by the discovery that boardrooms and senior management ranks are populated by donkeys, market efficiency is a myth, accountants cook the books, economists are charlatans, forecasting is useless and cash is a myth. McComish is the latest in a long line of writers, from Keynes to Galbraith, who enjoy exposing the self-delusion that characterises the world of business.... The chapter on accounting is the best in the book.... If any one needs further evidence that Antilogic is alive and well and thriving in business, just think about those telephone companies who spent billions of pounds acquiring 3G licenses, which despite all the evidence to the contrary, remain on the balance sheet as assets." (Sunday Times, 16 September 2001)
"McCormish has produced a well researched account." (Lloyds List, 31 August 2001)
Book Information
ISBN 9780471494515
Author Bruce McComish
Format Hardback
Page Count 248
Imprint John Wiley & Sons Inc
Publisher John Wiley & Sons Inc
Weight(grams) 499g
Dimensions(mm) 231mm * 158mm * 20mm
