You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

At Smead Capital Management, we advise investors who fear stock market failure.

You can learn more at Smeadcap.com or by calling your financial advisor.

Welcome to a book with legs podcast.

I'm Cole Smead, CEO and portfolio manager here at Smead Capital Management.

At our firm, we are readers, and we believe in the power of books to help shape informed

investors.

In this podcast, we speak to great authors about their writings.

The late great Charlie Munger prescribed using multiple mental models and analysis.

We analyze their work through the lens of business, markets, and people.

In this episode, we are going to talk about risk, true profit, and the unknown future.

We will also go deep into the bowels of thinking from the Chicago School

of Economic Thought. Amar Bide is joining us to discuss his work, uncertainty, and enterprise,

venturing beyond the known. A little bit of background on Amar. He is a member of the Council

of Foreign Relations. He is a founding member of the Center on Capitalism Society at

Columbia. He has written four other books. Mr. Biden has also taught at Tufts University,

Harvard Business School, and like I mentioned a second ago, the University of Chicago's Booth School

of Business. He has a doctorate and master's in business administration from Harvard Business School and a Bachelor of Technology degree from the Indian Institute of Technology in Bombay.

Amar, thanks for joining me today.

Pleasure to be here.

Thank you for inviting me.

We are going to have a lot of fun.

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