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My guest today is Mihir Desai, the author of “The Wisdom of Finance: Discovering Humanity in the World of Risk and Return.” Mihir is currently the Mizuho Financial Group Professor of Finance at Harvard Business School and a Professor of Law at Harvard Law School. He wrote his new book with two goals in mind: 1. Demystifying finance and 2. Have people look at finance in a more inspirational way.
The topic is his book The Wisdom Of Finance: Discovering Humanity in the World of Risk and Return.
In this episode of Trend Following Radio we discuss:
- Reputation of finance
- Diversification
- Risk management
- Black-Scholes model
- Behavioral phenomena
- The magic of leverage
- The asshole theory of finance
- Agency theory
“Luck is a dominant force in your outcome. That is lost on a lot of people in finance.” – Mihir Desai
Mentions & Resources:
- Mihir Desai
- The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
- An American Sickness
- Ghachar Ghochar
- Strangers Drowning
- @desaimihira
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