Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

Historically, the U.S. has had a habit of overestimating the capabilities of its enemies. Why? Is this an intentional security strategy? Or does the U.S. need to change the way it gathers enemy intelligence?

Former National Security Advisor H.R. McMaster gives hosts and finance professors Jonathan Berk and Jules van Binsbergen a crash course on military intelligence and national security advising.

The conversation covers why the overestimation of enemies happens, including historical examples of misjudgments, the role of proxies in modern conflicts, strategic considerations involving major powers like China, and the threat of information warfare.

Find All Else Equal on the web:

https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.


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Jaksot(93)

Rerun: Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers

Rerun: Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!In...

26 Kesä 202427min

Rerun: Ep4 "Making Bad Investments Profitable" with Pete Briger

Rerun: Ep4 "Making Bad Investments Profitable" with Pete Briger

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!Wh...

13 Kesä 202427min

Ep46 "May Contain Lies" with Alex Edmans

Ep46 "May Contain Lies" with Alex Edmans

What is the real problem with misinformation? Are our biases so ingrained in us that we are unable to think critically about the world and the systems around us? What happens when large institutions a...

30 Touko 202429min

Ep45 “The Future of Higher Education Part 2” with Niall Ferguson

Ep45 “The Future of Higher Education Part 2” with Niall Ferguson

What are the unseen costs of administrative bureaucracy and an ideology that favors victimhood over scholarly debate? What caused the ideological shift from classical liberalism to the illiberal leani...

15 Touko 202430min

Ep44 “The Future of Higher Education Part 1” with Carmen Twillie Ambar and Kimberly Wright Cassidy

Ep44 “The Future of Higher Education Part 1” with Carmen Twillie Ambar and Kimberly Wright Cassidy

Should universities be primarily research and teaching institutions or should they have broader social responsibilities to today’s youth? How are institutions navigating the delicate dance of institut...

9 Touko 202430min

Ep43 Examining Bad Investment Advice

Ep43 Examining Bad Investment Advice

Is Suze Orman giving out bad investment advice? Should you ever not refinance rates drop? Is dilution of stock a bad thing for the early stockholders? Should you dollar cost average? In this episode, ...

17 Huhti 202422min

Ep42 Waiting to Invest

Ep42 Waiting to Invest

What could be the reason to delay investing in an option that will make you money? How do your investment opportunities expand when you make that choice? In this episode, hosts and finance professors ...

3 Huhti 202425min

Ep41 “Understanding the SEC's New Climate Disclosure Rules” with Lawrence Cunningham

Ep41 “Understanding the SEC's New Climate Disclosure Rules” with Lawrence Cunningham

Why should climate risk be singled out for mandatory disclosure by the SEC, and how does this change the investment landscape? Can climate disclosure legislation walk the fine line between transparenc...

13 Maalis 202426min

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