The Education of a Value Investor cover image

Uncertainty and Enterprise: A conversation with Amar Bhidé

The Education of a Value Investor

00:00

Navigating the Complexity of Knowledge

This chapter examines the tension between quantitative analysis and real-world complexity, using the metaphor of a general and a soldier to discuss decision-making and risk. It raises concerns about blindly applying statistical models without considering individual contexts, illustrated through a case of miscarriage of justice. Additionally, the chapter reflects on the hierarchical perceptions of academic disciplines and the evolution of economic thought, emphasizing the value of both narrative and analytical approaches in understanding complex systems.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app