@IndiaSportsHub People routinely compete well into their seventies and eighties, with people less than half their ages. Come watch the world's greatest competitive mind sport, contract bridge....
@IndiaSportsHub LMAO.. you guys have no idea about oldest competitive sports person in India. Try and visit Hotel Leela Ambience, Karkardooma , New Delhi in the first week of August and watch the competitive spirit of senior citizens and children alike, in the same category whilst playing bridge
@dgafms_mod Cheers and all the best sir. We all know that you will make positive and transformational impact where ever you are ... good luck in your new role....
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.
@LevaD52336962@KWSKenya There should be a way to let animals hunt insensitive people like you. Atleast they would hunt for survival, not for some perverse pleasure that drives those of your kind. The only good use that you can beof to this planet, would be to serve as food to some hungry carnivore.