Harvard needs 8% return every year just to keep the lights on. 5% spending plus 3% inflation. Miss that number and buildings stop, professors leave, research dies.
40% of the operating budget comes from one portfolio. Not tuition. Not grants. One fund.
Jake Xia manages that fund's public markets. He also teaches the math behind it at MIT for free. One of the top five most-watched courses on OpenCourseWare. Millions of views. Almost nobody changed how they invest.
Every year he hands students a blank page. Build a portfolio. No rules. Someone writes 100% Apple. Someone writes rare coins. Confident picks. Same blind spot, every time.
Not one student asks the only question that matters: how much goes in each position. They all pick what to buy. Nobody sizes it.
Sizing is the entire job. The answer won the Nobel Prize. It's called the efficient frontier. Xia draws it on the board in under a minute.
Five equations sit underneath it. Compound growth. Present value. The geometric mean. The Rule of 72. Real return. All older than any bank on earth. All fit on a napkin. None behind a paywall.
A "guaranteed 5% bond" during 4% inflation is a 1% return. The industry doesn't hide this. It just hopes you never run the equation yourself.
The lecture is free. The napkin is free. The only thing that costs anything is not knowing
The answer is in this video.
This is the earliest known video of Warren Buffett.
He’s 31.
Unknown.
Sitting on a local Omaha station in 1962.
No hype. No predictions. No guru act.Just a young man explaining how markets actually work - before the world decided to listen.Rare footage.
Watch it once.
@Polymarket Wendy’s was my favorite burger place as a kid. Have you been to a Wendy’s lately? The employees and quality of the food have killed Wendy’s.
@joecarlsonshow@amitisinvesting Bribing the country with the money they are having to spend now on higher energy and groceries for money in the future seems like he might be seeing the writing on the wall if he doesn't change course.
@MartyTheElder The federal government has introduced and passed programs that at first seem to help fplks get access to housing but in the long term puts upward pressure on the housing market. Look at all the down payment assistance and FHA loans.
@MarkTepperSWP Nobody wants to buy government debt. And the government needs to borrow to pay for all their wars. So you increase the interest rate to be able to borrow more money from everyone else.
@FCSNationRadio1 Big MSU fan but they get smacked every time they play up. Look at the Oregon game last year. There are levels to this game. They would most likely be at the bottom of the SEC.