Benjamin Graham was a British-born American economist and professional investor. Graham is considered the father of value investing, an investment approach he began teaching at Columbia Business School in 1928. He subsequently refined with David Dodd through various editions of their famous book Security Analysis. Graham had many disciples in his lifetime, a number of whom went on to become successful investors themselves.&nbsp;
Graham's most well-known disciples include Warren Buffett, William J. Ruane, Irving Kahn, and Walter J. Schloss, among others. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons Howard Graham Buffett and Thomas Graham Kahn after him. Graham also taught at the UCLA Anderson School of Management.&nbsp;

Benjamin

Ashvin B. Chhabra is the author of The Aspirational Investor: Taming the Markets to Achieve Your Life’s Goals. He is widely recognized as one of the founders of goals based wealth management and for his seminal work “Beyond Markowitz,” which integrates Modern Portfolio Theory with Behavioral Finance.&nbsp;
Dr. Chhabra was Chief Investment Officer for Merrill Lynch Wealth Management from 2013-2015. He was the Chief Investment Officer at the Institute for Advanced Study from 2007-2013 and Managing Director and head of wealth management strategies and analytics for Merrill Lynch’s Global Private Client Group from 2001-2007. Prior to that, he was head of quantitative research at J.P. Morgan Private Bank.
Dr. Chhabra is the chair of the Board of Regents for the Financial Analysts Seminar of CFA Institute. He is also a member of the international advisory board of EDHEC-Risk Institute, the Board of Trustees of the Stony Brook Foundation, and the investment committee of the Institute for Advanced Study. Dr. Chhabra has lectured at Yale University, Carnegie Mellon University, Columbia Business School, Baruch College CUNY, and the University of Chicago. He holds a Ph.D. in applied physics from Yale University on the topic of Chaos Theory.

Ashvin

Bradley Hope is a bestselling author and the co-founder of Project Brazen, a journalism company creating thrilling books, podcasts, and documentaries. Bradley is a well-regarded speaker on finance and economics. He is the co-author of the New York Times bestseller ‘Billion Dollar Whale‘, a book about one of the world’s biggest-ever financial scandals, named Best Book of 2018 by the Financial Times and Fortune. He is also the author of ‘Blood and Oil,’ a narrative account of Mohammed bin Salman’s rise to power in Saudi Arabia, and ‘Last Days of the Pharaoh,’ a chronicle of the final days and hours of the presidency of Hosni Mubarak.
Hope was formerly an enterprise reporter at the Wall Street Journal for seven years, where he was a key member of teams investigating Saudi Arabia, 1MDB, SoftBank, and Bridgewater. He led up a reporter team writing a multi-part series examining how climate change was impacting asset prices around the world. Prior to this, he was based in the Middle East for six years, covering the Arab Spring from Libya, Egypt, Tunisia, Bahrain, and Lebanon, as well as Gulf business from Abu Dhabi and Dubai.
Bradley is a Pulitzer finalist and a Gerald Loeb Award winner. He also received the TRACE International Award for Investigative Reporting and the New York Press Club Award for Business Reporting.

Bradley

Paul Hawken is an environmentalist, entrepreneur, author, and activist who has dedicated his life to environmental sustainability and changing the relationship between business and the environment. He is one of the environmental movement’s leading voices and a pioneering architect of corporate reform with respect to ecological practices. His work includes founding successful, ecologically conscious businesses, writing about the impacts of commerce on living systems, and consulting with heads of state and CEOs on economic development, industrial ecology, and environmental policy.&nbsp;
Paul is the Founder of Project Drawdown, a non-profit dedicated to researching when and how global warming can be reversed. The organization maps and models the scaling of one hundred substantive technological, social, and ecological solutions to global warming. Paul has appeared in numerous media, including the Today Show, Bill Maher, Larry King, Talk of the Nation, and Charlie Rose. He has been profiled or featured in hundreds of articles, including the Wall Street Journal, Newsweek, Washington Post, Business Week, Esquire, and US News and World Report.&nbsp;
His writings have appeared in the Harvard Business Review, Resurgence, New Statesman, Inc, Boston Globe, Christian Science Monitor, Mother Jones, Orion, Libération, and other publications. Paul authors articles, op-eds, and peer-reviewed papers and has written eight books, including five national bestsellers: The Next Economy (Ballantine 1983), Growing a Business (Simon &amp; Schuster 1987), and The Ecology of Commerce (HarperCollins 1993) Blessed Unrest (Viking, 2007), and Drawdown, The Most Comprehensive Plan Ever Proposed to Reverse Global Warming (Penguin).&nbsp;
The Ecology of Commerce was voted as the #1 college text on business and the environment by professors in 67 business schools. Natural Capitalism: Creating the Next Industrial Revolution (Little Brown, September 1999), co-authored with Amory Lovins, has been read and referred to by several heads of state, including President Bill Clinton, who called it one of the five most important books in the world during his tenure as President. His books have been published in over 50 countries in 30 languages. Growing a Business became the basis of a 17-part PBS series, which he hosted and produced.&nbsp;
The program, which explored the challenges and pitfalls of starting and operating socially responsive companies, was shown on television in 115 countries and reached more than 100 million people. Paul co-authored and edited Drawdown in collaboration with its extraordinary research team. He is currently writing Carbon, The Business of Life, to be published by Penguin RandomHouse.
Paul founded several companies, starting in the 1960s with Erewhon, one of the first natural food companies in the U.S. that relied solely on sustainable agricultural methods. He went on in 1979 to co-found Smith &amp; Hawken, the retail and catalog garden company. In 2009 Paul founded OneSun, an energy company focused on ultra-low-cost solar based on green chemistry and biomimicry that is now known as Energy Everywhere.
In 1965, Paul worked with Martin Luther King Jr.’s staff in Selma, Alabama, prior to the historic March on Montgomery. As press coordinator, Paul registered members of the press, issued credentials, gave updates and interviews on national radio, and acted as a marshal for the final march. That same year, he worked in New Orleans as a staff photographer for the Congress of Racial Equality, focusing on voter registration drives in Bogalusa, Louisiana, and the panhandle of Florida, and photographing the Ku Klux Klan in Meridian, Mississippi, after three civil rights workers were tortured and killed.&nbsp;
In Meridian, he was assaulted and seized by Klan members but escaped due to FBI surveillance and intervention. Paul has spoken, conducted research, and traveled extensively throughout the world, undertaking journeys into insurgent-held territories of Burma to research tropical teak deforestation, as well as a 1999 humanitarian/photojournalistic trek to war-torn Kosovo.

Paul

Warren Buffett is an American businessman, investor, and philanthropist. He is the chairman and largest shareholder of Berkshire Hathaway, a multinational conglomerate holding company. Buffett began his career as a stockbroker and later formed his investment partnership, which eventually became Berkshire Hathaway. He is widely considered one of the most successful investors in history, and many have studied and emulated his investment strategies and philosophies. He is often referred to as the "Oracle of Omaha" due to his successful investment decisions.
Buffett is considered one of the wealthiest people in the world. According to Forbes, as of 2021, he is the 4th richest person in the world, with a net worth of over $100 billion. He has consistently been among the top 10 wealthiest people worldwide for many years. Much of his wealth comes from his controlling stake in Berkshire Hathaway and his successful investment decisions. He is also known for his philanthropy, having pledged to give away the majority of his wealth to charitable causes through the Giving Pledge.
Warren Buffett is also a well-known philanthropist. He has pledged to give away the majority of his wealth to charitable causes through the Giving Pledge, an initiative he started with Bill and Melinda Gates in 2010. Through the pledge, Buffett and other billionaires commit to giving away at least half their wealth to charitable causes during their lifetime or in their will.
Buffett has also made significant donations to various charitable organizations, including the Bill and Melinda Gates Foundation, the Susan Thompson Buffett Foundation (named after his late wife), and the Howard G. Buffett Foundation, named after his father. He has also contributed to education, healthcare, and poverty-reduction initiatives.

Warren

Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&amp;P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million to $14 billion.
A proponent of value investing, Lynch wrote and co-authored a number of books and papers on investing strategies, including One Up on Wall Street, published by Simon &amp; Schuster in 1989, which sold over one million copies. He coined a number of well-known mantras of modern individual investing, such as "invest in what you know" and "ten baggers." Lynch has been described as a "legend" by the financial media for his performance record.
Peter Lynch was born in Newton, Massachusetts, on January 19, 1944. In 1951, when Lynch was seven, his father was diagnosed with cancer. He died three years later, and Lynch's mother had to work to support the family. Lynch reports that from his early teens, he worked as a caddie to help support the family. During Lynch's time as a sophomore at Boston College, he used his savings to buy 100 shares of Flying Tiger Airlines at $8 per share.&nbsp;
The stock would later rise to $80 per share, profits from which helped pay for his education. In 1965, Lynch graduated from Boston College (BC), where he studied history, psychology, and philosophy. He later earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968. In 1966, Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D. George Sullivan, (among others) at Brae Burn Country Club in Newton, Massachusetts.
He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint, he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977. In 1977, Lynch was named head of the then-obscure Magellan Fund which had $18 million in assets.&nbsp;
By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. Taking over when Magellan was a small fund, Lynch had no restrictions on what assets he could buy (other than laws, such as an SEC-enforced federal law that prohibits investment company funds that are registered as "diversified" from holding more than 5% of total portfolio assets in a single company at the time of purchase ).
He focused on individual companies rather than any overarching strategy, starting with large US companies and gradually emphasizing smaller and international stocks. From 1977 until 1990, the Magellan fund averaged a 29.2% annual return and, as of 2003, had the best 20-year return of any mutual fund ever. Lynch found successes in a broad range of stocks from different industries; according to Beating the Street, his most profitable picks were Fannie Mae, Ford, Philip Morris, MCI, Volvo, General Electric, General Public Utilities, Student Loan Marketing, Kemper, and Lowe's.

Peter

Simon Sinek is a British-American author, motivational speaker, and marketing consultant. He is best known for his TED Talk on the "Golden Circle," which explains why some individuals and organizations can inspire while others are not.&nbsp;
Sinek's TED Talk is one of the most-viewed TED Talks of all time, and he has since written several books, including "Start With Why: How Great Leaders Inspire Everyone to Take Action."&nbsp;
In "Start With Why: How Great Leaders Inspire Action," Sinek explains that successful companies and leaders start by clearly communicating their "why" - their purpose or belief - and then work backward to define their "how" and "what." He argues that this approach inspires others to believe in and support their vision. The talk has been viewed over 60 million times and is among the most popular TED Talks.
Sinek has also worked with various organizations and companies to help them better understand and communicate their purpose. He is a frequent speaker at conferences and other events, and business leaders and entrepreneurs have widely adopted his ideas.

Simon

Adam Grant is an American psychologist and author widely known for his work on the science of giving, creativity, and organizational psychology. He is the top-rated professor at the Wharton School of the University of Pennsylvania and a former professor at the University of Michigan. His first book, Give and Take: A Revolutionary Approach to Success, was a New York Times bestseller.
Grant is a leading authority on the science of giving, creativity, and organizational psychology. He has written or co-written six books, including Originals: How Non-Conformists Move the World and Option B: Facing Adversity, Building Resilience, and Finding Joy. He has also written for The New York Times, The Atlantic Monthly, Harvard Business Review, and other publications.
Grant's research focuses on how giving, taking, and exchanging advice affects an individual’s success. He has studied how to maximize the benefits of giving, how to encourage more successful collaborations, and how to foster an environment of innovation and creativity. He has also explored how to assess and develop leadership potential within organizations and how to build workplace cultures where employees are empowered to do their best work.
Grant has received numerous awards and honors, including being named one of the world's 40 most influential management thinkers by Thinkers50 in 2015, one of the world's 50 most influential management thinkers by Thinkers50 in 2018, and one of the world's most influential management gurus by The Observer in 2018. He is a recipient of the Carnegie Medal for Excellence in Mentoring and was named the Most Influential Thinker of the Decade by Poets &amp; Quants in 2020.
In addition to his academic and writing career, Grant is a frequent speaker for organizations, universities, and conferences around the world. He has presented to audiences of thousands at TEDx events, and he has been featured on television and radio programs such as The Oprah Winfrey Show, 60 Minutes, and NPR’s Fresh Air. He has also served as a visiting professor at Stanford, Cornell, and INSEAD, and he is currently a visiting professor at the London School of Economics.

Adam

Reid Hoffman is a venture capitalist and entrepreneur. He co-founded LinkedIn, a business-oriented social networking service, and was an executive at PayPal, an online payment company. Hoffman is also a partner at Greylock Partners, a venture capital firm. In addition, he is a board member or advisor to several technology companies and is the host of the podcast "Masters of Scale."
Reid Hoffman is also an author; he has written two books, The Startup of You: Adapt to the Future, Invest in Yourself, and Transform Your Career and Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. In "The Startup of You," Hoffman writes about how to create a career and life adaptable to change and position oneself to take advantage of new opportunities.
In "Blitzscaling," Hoffman shares his experiences as an entrepreneur and venture capitalist and provides insights on how to scale a business quickly while maintaining a solid company culture and sustainable growth. Both books have been well-received by critics and praised for giving practical advice for entrepreneurs and career-minded individuals.
Reid Hoffman co-founded LinkedIn in 2002 and served as its Executive Chairman until Microsoft acquired the company in 2016. Under Hoffman's leadership, LinkedIn became one of the most popular social media platforms for professionals, with over 700 million members as of 2021.
He was also instrumental in the company's initial public offering (IPO) in 2011 and its growth and expansion in the following years. He has also been recognized for his role in developing LinkedIn as a pioneer in social networking for professionals and for his contributions to the technology industry as an entrepreneur and venture capitalist.

Reid

Philip Arthur Fisher (September 8, 1907 – March 11, 2004) was an American stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print since it was first published in 1958. Along with Thomas Rowe Price, Jr., Fisher is one of the early proponents of the growth investing strategy.&nbsp;
Philip Fisher's career began in 1928 when he dropped out of the newly created Stanford Graduate School of Business (later, he would return to be one of only three people ever to teach the investment course) to work as a securities analyst with the Anglo-London Bank in San Francisco. He switched to a stock exchange firm for a short time before starting his own money management company, Fisher &amp; Co., founded in 1931.&nbsp;
He managed the company's affairs until his retirement in 1999 at the age of 91 and is reported to have made his clients extraordinary investment gains. Although he began some fifty years before the name Silicon Valley became known, he specialized in innovative companies driven by research and development. He practiced long-term investing and strove to buy great companies at reasonable prices.&nbsp;
He was a very private person, giving few interviews, and was very selective about the clients he took on. He was not well known to the public until he published his first book in 1958. At this point, Fisher's popularity rose dramatically and propelled him to his now legendary status as a pioneer in the field of growth investing. Morningstar has called him "one of the great investors of all time." In Common Stocks and Uncommon Profits, Fisher said that the best time to sell a stock was "almost never."&nbsp;
His most famous investment was his purchase of Motorola, a company he bought in 1955 when it was a radio manufacturer, and held it until his death. Phillip is remembered for using and proliferating the "scuttlebutt" or "grapevine" tool, where he searched fastidiously for information about a company. When you scuttlebutt, you make more informed decisions due to a better basis for analysis and valuation.
In the 2018 Berkshire Hathaway annual shareholders meeting, Warren Buffett called Fisher's "Common stocks and uncommon profits" a "very, very good book." He further described how using Fisher's "scuttlebutt" technique continues to be a good way to invest, which Ted Weschler and Todd Combs at Berkshire Hathaway still use. John Train described Warren Buffett as 85% influenced by Benjamin Graham and 15% by Philip Fisher. His son Kenneth L. Fisher also founded an investment firm.

Philip

Jake Knapp is an inventor, designer, and author. He is most well-known for inventing the Design Sprint, a five-day process for solving problems and creating new products, services, and strategies. He is also a New York Times bestselling author, having written two books, Sprint and Make Time.&nbsp;
As a design thinker, Jake has worked with some of the world’s leading companies, such as Slack, LEGO, IDEO, and NASA. He has coached on design strategy and time management, helping these companies take their products and services from ideas to reality.
An advocate of the design-thinking approach, Jake has been a keynote speaker at conferences and workshops around the world. He has been featured in The New York Times, The Wall Street Journal, The Guardian, Wired, and Forbes and has been invited to TEDx and Google's Zeitgeist conferences to discuss his methodologies.
Jake is currently a Design Partner at Google Ventures, where he helps companies use design sprints to create innovative products and services. He also serves as a lecturer at Stanford University's Hasso Plattner Institute of Design, where he teaches Design Thinking and Design Sprints.
Jake has a passion for creating and innovating, and his approach to design has helped countless companies realize their potential. He is a firm believer that with the right combination of processes, people, and tools, any problem can be solved.

Jake

Lawrence Cunningham's two dozen books include The Essays of Warren Buffett: Lessons for Corporate America, which Cunningham self-published into an international best-seller, and he has arranged for translation into a dozen languages in local partnerships around the world that are authorized for limited local sale. The current version of his "masterpiece," as Buffett calls it, is the 5th edition, which Cunningham published in October 2019 with help from his friends at Carolina Academic Press.&nbsp;
Cunningham's other notable books include Quality Investing (long time best seller with AKO Capital), The AIG Story (with Hank Greenberg), and Margin of Trust (which Warren Buffett singled out for special mention in his 2020 letter to Berkshire Hathaway shareholders). Cunningham consults on corporate governance and shareholder interests and has served on numerous corporate boards of both private and public companies, including Constellation Software Inc., where he is currently vice chairman.&nbsp;
Lawrence A. Cunningham is an authority on corporate governance, corporate culture, and corporate law and advises public companies and boards of directors in those areas and advises managers and shareholders on investor relations as Managing Partner of the Quality Shareholders Group.
Professor Cunningham has written dozens of books and scores of articles on a wide range of subjects in law and business. These include best-selling books such as The Essays of Warren Buffett (in collaboration with Warren Buffett), The AIG Story (written with Hank Greenberg), and influential research articles on accounting and corporate governance. Before retiring from GW in 2022, Cunningham founded and for many years directed GWNY, GW Law's innovative boot camp for aspiring Wall Street lawyers.
Professor Cunningham has served on several public company boards, including currently as vice chairman of Constellation Software Inc. (Toronto Stock Exchange), owner and operator of nearly one-thousand vertical market software businesses, and Kelly Partners Group (Australian Stock Exchange), owner and operator of nearly one hundred independent accountancy firms.
Before becoming a professor, Cunningham practiced corporate law with Cravath, Swaine &amp; Moore in New York from 1988 to 1994, where his practice areas included corporate governance, M&amp;A, finance, and international. In 2018, Professor Cunningham received a B. Kenneth West Lifetime Achievement Award from the National Association of Corporate Directors (NACD).&nbsp;

Lawrence

Seth Godin is an American entrepreneur, author, speaker, and thought leader. He is best known for his work in marketing, and he has written 18 international bestsellers, including Tribes, Permission Marketing, Purple Cow, and The Dip. He is the founder of several companies, and he currently serves as the founder and CEO of The Domino Project and Squidoo.
Godin has been a leader in the marketing industry for more than 20 years, and he has become one of the most influential and respected voices in the industry. His books have been translated into 35 languages, and his blog is one of the most popular in the world. He has also been featured in many prestigious publications, including The New York Times, The Wall Street Journal, The Economist, and Fast Company.
Godin is a strong advocate for the use of digital marketing, and he has been instrumental in the development of many innovative marketing strategies. He is a proponent of permission marketing, which involves building relationships with customers instead of using intrusive advertising. He also believes in the importance of giving away content for free as part of a customer acquisition strategy. Additionally, Godin is a strong believer in the power of storytelling to engage and inspire customers.
Godin is also a sought-after speaker, and he has given keynote addresses and lectures around the world. He is a frequent guest on radio and television programs, and he has been a keynote speaker at conferences such as TED, South by Southwest, and PopTech. He also regularly speaks at universities and colleges, and he has been a visiting professor at several universities.
In addition to his work in marketing, Godin is an active philanthropist and a proponent of social change. He is a vocal advocate for education reform, and he has worked with several organizations to improve access to education in underserved communities. He is also a strong supporter of animal rights and environmental protection.
Godin's work has been recognized with several awards, including the Tribeca Disruptive Innovation Award and the Marketing Hall of Fame Award from the American Marketing Association. His books have also been selected as “Best Books of the Year” by the New York Times and BusinessWeek.

Seth

William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management, and a research associate of the National Bureau of Economic Research. In 2018, he received the James R. Vertin Award by the Chartered Financial Analysts Institute Research Foundation "for a body of research notable for its relevance and enduring value to investment professionals".
Goetzmann is the son of Pulitzer and Parkman Prize-winning historian, William H. Goetzmann, and Mewes Mueller Goetzmann. He graduated from Yale College in 1978 with a degree in Art History and Archaeology, earned his MBA in 1986 from the Yale School of Management, and his Ph.D. from Yale University in Operations Research with a dissertation on topics in finance in 1990.
Prior to his academic career, Goetzmann worked as an archaeologist, a writer and producer of PBS documentaries, and served as the director of the American Museum of Western Art in Denver, Colorado during 1984–85.
Goetzmann was made an assistant professor of finance at Columbia University Graduate School of Business beginning in 1990 and returned to Yale as an associate professor at the Yale School of Management in 1994, where he is currently a chaired professor. Since January 2021, he has served as the Executive Editor of the Financial Analysts Journal. He is the faculty director of the International Center for Finance at the Yale School of Management, and faculty director of the school's Executive MBA program in Asset Management.
His research focuses on asset management, investor behavior, and the history of global capital markets. He has written widely cited papers about investment fund performance, real estate, the long-term history of stock markets the economics of the art market. Following the 2008 financial crisis, Goetzmann co-authored a 2009 research report with Andrew Ang and Stephen Schaefer for the Norwegian Ministry of Finance evaluating the sovereign wealth fund's use of active management. This research provided ground-breaking recommendations on the use of factor investing for institutional portfolios.
He has authored and co-edited a number of books, including Money Changes Everything: How Finance Made Civilization Possible, a history of finance from antiquity to the modern era, and The Great Mirror of Folly: Finance, Culture, and the Great Crash of 1720, about the world's first global stock market bubble. In 2020, he was featured in the newsletter, Yale Insights, with an article and a video that focus on the global financial bubbles that have occurred since the one that crashed in 1720.

William

Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, statistician, and former trader and risk analyst whose work focuses on problems of randomness, probability, and uncertainty. He is the author of several books, including "The Black Swan: The Impact of the Highly Improbable," which was published in 2007 and became a bestseller.
Taleb is a former trader and risk analyst and has worked as a professor of risk engineering at New York University's Tandon School of Engineering. He has a background in mathematics, statistics, and computer science and has published numerous papers in academic journals on topics related to randomness and uncertainty.
Taleb's main area of research is the study of "black swans," which he defines as rare events that have a large impact and are typically not predictable. He argues that traditional risk assessment methods, such as using historical data to predict future events, are inadequate because they fail to consider the possibility of black swan events.
Taleb is also known for his criticism of the concept of "normalcy" in statistics and his skepticism of the use of mathematical models in finance and economics. He has argued that the assumptions made in these models are often unrealistic and can lead to dangerous oversimplifications.
In addition to his work in academia, Taleb is also a public intellectual and has written several books for a general audience. His books have been widely discussed and debated in the media and have been translated into multiple languages.
Taleb is a strong advocate for antifragility, a concept he has developed and popularized in his books. Antifragility is the property of a system or entity that improves when subjected to volatility, shocks, stressors, or disorder and doesn't just remain indifferent to them.
Taleb's writing style is often characterized as provocative and contrarian, and he is known for his strong opinions on a wide range of topics. His work has been influential in the fields of economics, finance, and risk management and has also been discussed in the broader cultural and intellectual conversation.

Nassim Nicholas

Mohamed Aly El-Erian is an Egyptian-American economist and businessman. He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO, where he was CEO and co-chief investment officer (2007–14). He was chair of President Obama's Global Development Council (2012–17), a columnist for Bloomberg View, and a contributing editor to the Financial Times.
Since 2014, he has been on the panel of experts that judged and selected the Financial Times/McKinsey Business Book of the Year. He also regularly contributes to Project Syndicate, Yahoo! Finance, Business Insider, Fortune/CNN, and Foreign Policy. Named for four years in a row as one of Foreign Policy's "Top 100 Global Thinkers," he has written two New York Times Best Sellers, including, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, published in January 2016 by Random House.&nbsp;
He co-chairs the capital campaign for Cambridge University with Sir Harvey McGrath. On July 1, 2019, El-Erian was appointed Senior Global Fellow at The Lauder Institute and part-time Professor of Practice at The Wharton School. El-Erian was born in New York City on August 19, 1958, to Egyptian parents Abdullah El-Erian and Nadia Shoukry, a cousin of Egyptian politician Ibrahim Shoukry. Shortly after his birth, the family moved back to Egypt, where El-Erian spent some of his early childhood along with short periods in Europe, where his father attended meetings of the UN law commission.&nbsp;
In 1968, the family moved back to New York when his father took a position at the United Nations. From 1971–73, they lived in France, where El-Erian's father was the Egyptian Ambassador to France. After attending St John's School, Leatherhead, a boarding school in England, he gained a scholarship to Queens' College, Cambridge, and received a bachelor's degree in economics in 1980. He later obtained a master's degree (1983) and a doctorate (1985) in economics from St Antony's College, Oxford.&nbsp;
In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo. In December 2013, he became a Queens College, Cambridge, honorary fellow. El-Erian has served on the boards of trustees of several educational institutions, including Pegasus, St. Margaret School, Cambridge in America, and KAUST. He co-chairs the capital campaign for Cambridge University.
After his studies at Oxbridge, El-Erian settled in the US in 1983, taking a position at the International Monetary Fund in Washington, D.C., where he became deputy director. He moved to the private sector in January 1998, working in London at Salomon Smith Barney/Citigroup before being recruited by PIMCO to lead its work on emerging markets.
El-Erian worked for several years at PIMCO as a managing director and head of the emerging market portfolio team. He earned notoriety by avoiding the 2001 bond default by Argentina that otherwise stung the international bond market. Subsequently, he was appointed CEO and president of Harvard Management Company, which manages Harvard's endowment and related accounts.&nbsp;
He also served as a member of the faculty of Harvard Business School. As of 2020, he is a Harvard Global Advisory Council member. After twenty months at Harvard, El-Erian returned to PIMCO in December 2007 as CEO and co-CIO. As CEO of PIMCO, El-Erian was responsible for setting the firm's strategic direction and leading its operations globally. As co-CIO with PIMCO co-founder Bill H. Gross, El-Erian oversaw investment policies and strategies for all the company's portfolio management activities.&nbsp;
He helped deliver investment performance for clients and grow PIMCO's assets under management from under $1 trillion to $2 trillion. On December 21, 2012, President Obama announced the appointment of El-Erian as the chair of the president's Global Development Council, leading the council in its role of informing and providing advice to the president and other senior U.S. officials on global development policies and practices.
On January 21, 2014, El-Erian resigned from PIMCO effective March of that year, stating he decided to leave after receiving a letter from his daughter outlining important events in her life that he missed. However, it was widely reported that his resignation was triggered by conflicts with Gross, raising questions about the company's succession plan as El-Erian was widely perceived as heir apparent to the 69-year-old Gross.
Despite this, El-Erian praised Gross as "a brilliant investor ... anchored by three things that you hardly ever find in an investor: Strong fundamentals including economics, a really good feel for the market, and strong bond math" when Gross departed Pimco. El-Erian remains a member of the parent company's (Allianz) international executive committee, chairs its International Advisory Committee, and is an advisor to the management board.
El-Erian has published widely on international economic and finance topics. He is a member of the Financial Times "A-List" of writers, has a monthly column in Foreign Policy, and is a contributing editor at the FT. He is also a regular op-ed contributor to Project Syndicate. His columns have appeared in The Atlantic, Bloomberg, The Economist, "Business Insider," Financial Times, Fortune, Newsweek, The Wall Street Journal, The Washington Post, The Financial Express, and other outlets. He is a columnist for Bloomberg.
His first book, When Markets Collide, was a New York Times and Wall Street Journal bestseller. The book won the Financial Times and Goldman Sachs Business Book of the Year Award in 2008, was named a book of the year by The Economist, and was called one of the best business books of all time by The Independent. His second book, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, was also a New York Times bestseller.

Mohamed

Leonard

This volume provides the definitive treatment of fortune's formula, or the Kelly capital growth criterion, as it is often called. The strategy is to maximize the long-run wealth of the investor by maximizing the period-by-period expected utility of wealth with a logarithmic utility function.&nbsp;
Mathematical theorems show that only the log utility function maximizes asymptotic long-run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increases, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies.
&nbsp;So, usually, the Kelly bettor will have much more wealth than these other bettors, but the Kelly strategy can lead to considerable losses a small percentage of the time. There are ways to reduce this risk at the cost of lower expected final wealth, using fractional Kelly strategies that blend the Kelly suggested wager with cash.&nbsp;&nbsp;

Harry M. Markowitz

Edward O. Thorp

William T. Ziemba

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In The Kelly Capital Growth Investment Criterion, Leonard C. MacLean introduces the Kelly Criterion, a formula used by gamblers and investors to determine what proportion of their wealth should be put into high-risk ventures. It's a fascinating concept that can help you make smarter investment decisions.

Understanding the Kelly Criterion

The book explores the relationship between risk and reward. It shows that the Kelly Criterion can help you balance these two factors to maximize your returns. If you're interested in investing, you'll find this concept incredibly useful.

Risk and Reward

MacLean emphasizes the importance of focusing on long-term growth rather than short-term gains. He argues that the Kelly Criterion can help you achieve this by ensuring that you don't risk too much on a single investment. This is a valuable lesson for anyone looking to build a sustainable investment portfolio.

The Importance of Long-Term Growth

The Kelly Capital Growth Investment Criterion isn't just theoretical. MacLean provides practical examples of how the Kelly Criterion can be applied in real-world situations. This makes the book a great resource for anyone looking to apply these principles to their own investments.

Practical Applications of the Kelly Criterion

While the Kelly Criterion can be a powerful tool, MacLean also discusses its limitations. He points out that it assumes that you have perfect knowledge of the probabilities involved, which is rarely the case in real life. This is an important caveat to keep in mind when using the Kelly Criterion.

Discover the Best Books Written by Leonard C. MacLean

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The Kelly Capital Growth Investment Criterion

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