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The Psychology Behind Long-Term Investing: Understanding the Cognitive Foundations of Compound Growth
It is easy to believe that a financial background is not required to enter the financial industry, that is, the so-called professional background is not necessarily better than the semi-monk.The rationale is persuasive and even lethal-because a large number of successful people in the financial industry have no financial professional background. It is indisputable that there are many star fund managers and investors who exist like gods and are always ready to fall from the altar, widely from physics, mathematics, electronics, machinery, chemical engineering and other basic disciplines and science and engineering majors. On the financial road of no return, analysts from various non-financial professions seem to have “invisible wings”.It…
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5 Insights Chinese Family Offices Can Gain from Studying the Yale Endowment Model to Effectively Manage Long-Term Wealth
In 36 years, the assets increased 40 times. The Yale University Endowment Fund Model (referred to as the “Yale Model”) has always outperformed other investment institutions with its excellent performance. As a “revolutionary paradigm” in the investment community, the Yale model has also been imitated by other investment institutions. Many Chinese family offices regard the Yale model as a model. However, we found in recent research that the Yale model is actually difficult to simply “copy” to Chinese family offices. The Yale model is hard to copy Zhang Lei, founder of Hillhouse Capital, once said in the book “Value”, “I began to think about how to build an investment institution…
