Mihir Desai

If there’s one thing I know, it’s that “facts tell, but stories sell.”

Stories are also great teachers, which is exactly why Mihir wanted to use the most interesting stories from history and fiction to break down the complexity of finance.

Mihir has spent 18 years teaching the brightest students in the world finance.

But he knows that if more people don’t understand the core concepts of how to wisely manage finances (and use them to leverage their opportunities), then finance is failing its purpose.

I loved this discussion with the third Ivy League professor I talked to this week.

Join me for round two of “Professor Week” for a fascinating explanation of finance in Episode 518.

Some Questions I Ask:

• How come we aren’t taught these financial principles in school? (2:30)
• What are we confused about as a society when it comes to finance? (4:45)
• What should we be doing with our money? (10:52)
• Who’s the smartest person you’ve taught come through your classes? (28:10)
• What’s the greatest lesson you’ve learned over the last 18 years of teaching? (36:16)

In this episode, you will learn:

• The upside and downside of debt (4:50)
• How to determine how much to invest in your education (6:20)
• How stories from history and fiction can easily explain finance concepts (18:14)
• Why too many options can be a bad thing in finance (19:20)
• Why we had to re-think our beliefs about failure in finance (22:20)
• How to use the power of leverage wisely (24:32)
• Plus much more…

Show Notes:

• The Wisdom of Finance
• Eric Barker
• Rich Dad Poor Dad
• George Orwell
• Jeff Koons
• S’well