In Defense of Human Judgment: An Interview with Amar Bhidé

The video features a discussion with a professor about his book, 'A Call for Judgment,' which critiques modern finance theory. It highlights the flaws in assuming risks can be quantified and the need for judgment in financial decisions. The conversation covers the impact of mass-produced financial instruments, the limitations of diversification, and the challenges in regulatory frameworks. The professor advocates for a return to case-by-case judgment and dialogue in finance to better navigate the dynamic and uncertain economic landscape.

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