Episode 77: How to Be a Good Person with No Sacrifice

Harvard professor Mihir Desai worries that the language of finance has polluted life. He condemns the modern, finance-fueled affair with optionality. Rather than taking risks or working on important projects, students acquire options.

“I will create value for society, rather than extract it.” And yet money management, by definition, extracts value from the returns earned by our business enterprises. - Rajesh Khurana, Harvard Business School Professor