What 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.
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.
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