STE's Stocks Investing Journey

This lecture, delivered by Professor Jake Xia to   MIT OpenCourseWare class, provides a comprehensive and critical application-based perspective on portfolio management, moving beyond traditional theoretical frameworks to address the realities of investment and risk. <Ai Image > Executive Summary: Portfolio Management Beyond Theory This presentation offers a rigorous, application-focused deep dive into modern portfolio management, critically evaluating established theories and proposing practical, behavioral-based enhancements. The central challenge in investing is fundamentally a sizing problem : determining how much capital to allocate to any given investment, a decision dictated by clear objectives, time horizon, and loss tolerance. The lecture contrasts personal finance with institutional investing, highlighting the Endowment Model used by perpetual funds like MIT's. These institutions have a crucial nominal return target (e.g., 8%) to cover spending and inflation, ...

  YT Video : Credit to: 小貝叔叔 Link: https://youtu.be/SH2RkVDbeVk?si=9V59V6UwDQ8iu43J "看完这集，你就能胜过9 成股市散户！｜ 冷眼孙子股市兵法：真正的投资心法" ( Watching this episode will allow you to surpass 90% of retail investors! | Cold Eye's Sun Tzu's Art of War for the Stock Market: The True Investment Mindset). The content draws from the author "Cold Eye's" 50 years of stock market experience, applying the ancient military strategy of Sun Tzu's Art of War to modern investing. "Translate and Summarize using AI tool : Google Gemeni" Executive Summary The video posits that the stock market is a modern battlefield where success is dictated by strategy, discipline, and preparation, not luck or emotion. Authored by the veteran investor known as "Cold Eye," the 54 chapters (or core lessons) are derived from the philosophy of Sun Tzu's Art of War. The central theme is that true wealth is built on an invincible mindset and rigorous calculation (Preparation and An...