Mihir Desai (Ep. 40): The problem with optionality

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.

Also on Google Play, Stitcher, and TuneIn

Learn More About Mihir

Check out Mihir’s book on Amazon

Links Referenced

On the plethora of self help content out there

Wisdom about life is something that we don’t get from the latest stuff on how you nudge yourself to better behavior.

Many are under-levered in personal relationships

People who embed in a set of meaningful relationships and commit to each other are the happiest and the healthiest.

The correlation of the fear of failure and the fear of being alone

When you fail, people leave you. So highly accomplished worry that’s what they worry about the most, which is they worry that the people around them are there because they are successful and then when they fail, not only do they fail, but then they’ll be alone.

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