22 Mar Mihir Desai (Ep. 40): The problem with optionality
Mihir Desai is here to demystify and rehabilitate finance. He’s an economics professor at both Harvard Business and Law School and author of where he uses uses stories from the George Orwell to Kanye West to explain concepts such as options, leverage, and herd behavior, then extrapolating them into broader life lessons. For example blindly following society’s expectations is a form of the principal-agent problem. And how professionals love “collecting options,” but forget that for options to work, you need to take risks. We cover Wall Street’s culture of fear, his “a-hole theory of finance,” and the industry’s lack of diversity. We talk more broadly about higher education’s “crisis moment” and if credentialing is important in the face of technological innovation (such as cryptocurrencies and social), and why the “free-agent economy” is overhyped.
Learn More About Mihir
On the plethora of self help content out there
Many are under-levered in personal relationships
The correlation of the fear of failure and the fear of being alone
If you enjoyed this episode, check out
Join 16,042 Other Rad Subscribers...
... looking to challenge common beliefs about work, money and happiness.