I now want to move to the philosophy.

And this, to me, is extremely important and personal, so

I hope you bear with me if you'll get a sense of who I am.

So what's the philosophy of the courses, the specialization?

It's fundamentally the same.

So how does learning happen?

I've thought about this a lot, and my answer is usually very simple.

I think learning happens when your mind is open, when you're happy,

when you want to learn.

It's not when I want to teach, it's when you want to learn.

And that's extremely important to understanding what's going on.

And I think here, digital education may have an upper hand to face to face.

By that I mean, supposing you're in my class for two hours, twice a week,

I don't know who decided to do that, but we still do that.

So, while I'm talking in class, you know where to go.

Of course, you can mentally or wherever you are.

But my point is that you are not in control,

the learner's not necessarily in control.

Whereas in digital education, one of the advantages is you are in control.

You want to learn when you have want to learn, not when I'm talking, so

please remember that.

Where does learning happen?

I actually, believe it or not, I believe learning should happen all the time,

I literally mean all the time.

So I worry about the education system which has been set up to meet

two hours twice a week and everybody's supposed to be quiet while learning.

To me that's not learning, that's listening to some person or

each other without the noise of the real world.

I think if you can learn with the noise of the real world,

that's what learning is all about.

But always be open, you don't want to learn from a boring person, right?

I never did, I used to look at the back side of the person teaching,

I mean, the person would be writing on the blackboard.

And that's not learning, that's somebody just writing out what they think.

What is the role of the teacher or the faculty?

Faculty's a word used for teachers as well.

I think the role of the teacher's very different than

what has traditionally been done, and that's my view.

My view is the role of a teacher is to facilitate your learning,

not to give you, spoon feed you and so on.

You'll see this and you'll struggle with it a little bit

because I do not want to spoon feed you for one simple reason, actually two.

One, I don't know everything, even in finance.

I shouldn't be expected to, why have all that burden?

But the second is more important.

I think if somebody tells you something, you're not learning, you're listening.

It's like reading a textbook, you're learning when you are engaged.

So the role of the teacher, faculty is a facilitator, a coach.

If you watch sports that's what a coach does, he doesn't go in and start playing.

Coaches who start playing with the soccer players are bad coaches because they

can't, the team is playing.

So you are the learner, you are learning.

Emphasis that I will put will be on why things work and

not how to calculate stuff.

Now this may sound really bizarre, in finance we have a lot of spreadsheets,

a lot of calculations.

But fundamentally, if you don't understand what you're doing, garbage in,

garbage out.

So, one way to think about it is, all answers are wrong in life.

Because if when you are making decisions, you don't know what the future is.

So what I'm going to emphasize is why do you approach problem solving.

There'll be answers, there'll be execution, there'll be spreadsheets, but

I'll frustrate you by asking why, why, why.

That's how I teach and

I hope that helps you understand rather than makes you memorize stuff.

So what is the role of the student?

I think the role of the student is to learn and

when you want to learn, not when I want to teach you.

But that means coming with a lot of responsibility.

And ultimately, simply, who's responsible for learning?

I think you know by now, it's not me.

I'm responsible for my own learning, you're responsible for your learning.

So I think in some senses learning is like love,

it's a very personal experience to me.

Yes, you learn from others and all that is good, but eventually the thrill of

learning comes when you take on the responsibility and go for it, right?

I hope I encourage you to do that by my style.

So how much time do you need to devote to a module?

Now remember a module,

many times you'll see in other courses, is equated to a week.

And I don't want you to be confused because the confusion is coming simply

because how much time do you need to spend on a module.

Five to ten hours should be plenty.

Why am I giving you such a broad range?

It's because I don't want to put constraints on you.

Some constraints I will, but not too many, as to what your background should be.

So if you have a lot of strong background in things that are important to finance,

you can be done in five weeks, five hours a week our module.

But if you don't have a background, ten hours may be needed.

So this gives you some sense.

One final question before we leave the philosophy of this class.

So let me ask you this, a MOOC is for free.

In other words, yes, you could earn a certificate, but that's your choice.

So the class is really for free.

The question is, is it?

[LAUGH] Given what my philosophy is, I don't think it's for free.

You may not be paying money, but you're putting in a lot of effort.

So the more you want to learn,

the less free it is because there's no such thing as free.

Even if you're spending two hours watching a video, it's two hours of your time.

So think like that, because I think it's important to think about life as not just

about money but about effort.

Specialization: Philosophy

Valuing Companies

与讲师见面