The Nigerian Army Silent Drill in Benin was more than a ceremonial display. It was a demonstration of the largest most profesional military in the region. The Anglophone power that saved the country's democracy.
With Nigeria's outsized influence its easy to forget that West Africa is majority Francophone in terms of the number of countries. Anglophone countries are a minority in the region, and Nigeria is essentially the only English speaking power. Remove Nigeria from the equation, and the region’s leading military powers are overwhelmingly Francophone.
Brethren, this world is a strange place.
You can never find the right reasons why certain things happen.
Because, for so many, they don't deserve what has happened to them or what they're going through.
Break the bank for Bradley Barcola! 🤑
Liverpool must pay PSG whatever fee they want for the dazzling French forward - he's a massive upgrade on Cody Gakpo 👇
Read our opinion 🔗 https://t.co/tCDCa6VKXj
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.