On June 21, 2023, the India Research Center, in collaboration with the
HBS Club of India, hosted an alumni event with Professor
Mihir Desai in Mumbai on “Navigating Economic and Financial Chaos.” Professor Desai shared a framework for business leaders to navigate today’s challenging economic environment where markets are sending conflicting signals, and advised leaders to think like “Bayesian statisticians” to emerge successful in the next decade. Referencing his opinion piece in the New York Times, he cautioned against “magical thinking” or the assumption that favored conditions will continue on forever without regard for history. It was an interactive discussion attended by 44 alumni who were delighted to be part of a thought-provoking session, followed by a networking event where attendees shared their perspectives on the topic.