What does Library of Mistakes do?

The Library of Mistakes is a charity focused on studying financial history to enhance understanding of economics and finance. Founded in 2014 by Professor Russell Napier in Edinburgh, it aims to learn from past financial mistakes and promote a deeper comprehension of uncertainty. The library operates as a free-to-use public resource, with branches in Lausanne, Switzerland, and Pune, India, and plans for future locations in Singapore, London, Amsterdam, and Sydney. The library's mission is to improve financial literacy by emphasizing decision-making under uncertainty. It offers a collection of around 4,000 books on financial and economic history, featuring works by notable authors. The Edinburgh location serves as a research hub and event space, hosting seminars and lectures. The Library of Mistakes also provides various educational programs, including online and in-person courses, lectures, and podcasts, aimed at both professionals and enthusiasts. Additionally, it offers venue rental for events and sells branded merchandise to support its operations.