15.401 Finance Theory
MIT Sloan MBA Program
Andrew W. Lo
Harris & Harris Group Professor, MIT Sloan School
Lecture 1: Introduction and Course Overview
© 2007–2008 by Andrew W. Lo
, Critical Concepts 15.401
Motivation
Dramatis Personae
Fundamental Challenges of Finance
Framework for Financial Analysis
Importance of Time and Risk
Six Principles of Finance
Course Overview
How to Get the Most Out of This Course
Readings:
Brealey, Myers, and Allen Chapters 1–2
© 2007–2008 by Andrew W. Lo Slide 2
Lecture 1: Intro and Overview
, Motivation 15.401
Mathematics + $$$ = Finance
Photographs removed due to copyright restrictions.
James Simons Jack Welch Warren Buffett
Renaissance Technologies General Electric Berkshire Hathaway
© 2007–2008 by Andrew W. Lo Slide 3
Lecture 1: Intro and Overview