#576 The Power of Nothing to Lose - William Silber

The Not Old - Better Show

The Power of Nothing to Lose - William Silber

The Not Old Better Show, Author Interview Series

Welcome to The Not Old Better Show. I’m Paul Vogelzang, and today’s show is brought to you by SimpliSafe. As part of our Art of Living Author Interview Series, today’s guest is Dr. William Silber.

William Silber is an expert in banking, finance, securities pricing and trading, futures and options, and financial institutions and markets. During his career, Dr. Silber has made significant contributions in economics and finance and provided expert witness testimony in class certification and at trial.

Professor Silber has testified before Congress and consulted with various government agencies, including the Federal Reserve Board, the U.S. Senate Committee on the Budget, the House Committee on Banking and Financial Services, and the President’s Commission on Financial Structure and Regulation.

Professor Silber has published articles in leading professional journals, and was an associate editor of the Journal of Finance and the Review of Economics and Statistics. His book Volcker: The Triumph of Persistence was named the China Business News (CBN) 2013 Financial Book of the Year, and was a finalist for the Financial Times and Goldman Sachs 2012 Business Book of the Year Award.

His latest book, "The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business," shows how presidents, generals, dictators, and ordinary people have used the power of downside protection to alter history. A simple strategy, similar to the Hail Mary pass in football, encourages risky ventures that favor the ‘deciders’ but hurts innocent bystanders, causing collateral damage that requires attention.

That was our guest today, Dr. William Silber reading from his new book, "The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business,"

Nobel Laureate Milton Friedman wrote, "This book addresses an important issue that deserves a wide readership. It is lucid and clear and deals with some very important episodes in American history."

Please join me in welcoming to The Not Old Better Show, Dr. William Silber.

We’ll be right back with our guest, Dr. William Silber, author of the new book, "The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business,"

Now back to our guest, author William Silber, who’ll tell us all about incentives for our Not Old Better Show audience how to be mildly aggressive with investments and be more ‘risk-averse,’ not fearful of recovering from a loss.

My thanks to Dr. William Silber, author of the new book, "The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business.” My thanks to SimpliSafe for sponsoring today’s show. Please support our sponsors. My thanks to you, our wonderful Not Old Better Show audience. Be well, be safe, and let’s talk about better. The Not Old Better Show.