The Power of Nothing to Lose — William Silber

Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/2054150What would you do if you had nothing to lose? In The Power of Nothing to Lose, William Silber explores what happens when people find themselves in situations with big upsides and limited downsides. But big risks don't always yield big rewards — at least, not without consequences ... In this episode, Silber discusses the Hail Mary effect, risk management and other themes from his latest book with host Charles Mizrahi.Topics Discussed:An Introduction to William Silber (00:00:00)Hail Mary Effect (00:04:09)Upside vs. Downside (00:10:21)The Volcker Rule (00:22:50) Leverage Kills (00:30:07)Preventing Bad Behavior (00:39:09)History Repeating Itself (00:45:55)Flattening the Skew (00:48:17)Guest Bio:William Silber is a bestselling author, former professor and senior advisor at Cornerstone Research. Silber was a Marcus Nadler Professor of Finance and Economics at New York University's Stern School of Business. And he was a three-time winner of the Professor of the Year award at Stern. In addition, Silber has written eight books about financial history and economics. His latest book is below. It details the Hail Mary effect and how people are incentivized to take abnormal — and potentially dangerous — risks.Resources Mentioned:·      The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and BusinessTranscript: https://charlesmizrahi.com/podcast/Don't Forget To... • Subscribe to my podcast! • Download this episode to save for later • Liked this episode? Leave a kind review!

Om Podcasten

I’m Charles Mizrahi. I currently write Alpha Investor — one of America’s fastest-growing investment publications — and have had nearly 40 years of experience as a floor trader, hedge fund manager and money manager on Wall Street. In fact, I was once named the No. 1 trader in the nation by Barron’s. But the story of my rise through the ranks is about more than just success — it’s about achieving the American Dream. You see, I didn’t grow up wealthy. But I did grow up with the belief that America was the greatest nation on earth — a land of freedom and opportunity. And right now, I’m on a mission to prove that it still is. Although we’re constantly being told by the media that America’s best days are behind her … I know the opposite to be true. That’s exactly why I started Real Talk: The Charles Mizrahi Show. With this podcast, I want to help you — and as many other Americans as possible — rekindle the American Dream and realize that we, the people, have everything we need to get ourselves back on track. Each episode features in-depth conversations with high-profile guests who share their own unique American Dream stories, and their views on the current state of our nation. I’ll also share with you my passion for teaching everyday people how to prosper through America’s greatest wealth creator: the stock market. Because I believe we all have a patriotic duty to give back to this country — which has done so much for us.