Satyajit Das: The Cultural Transformation of the World of Finance (3/6)

The video discusses the transformation of financial institutions from private partnerships to public companies, highlighting the impact on incentive structures and risk management. It explores how management strategies often lead to consensus-driven decisions, resulting in risk clustering. The video also examines profit margins, product variations, and the role of proprietary trading in maintaining profitability. It concludes by emphasizing the circulation of risk within the financial system.

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