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Franklin Templeton Investments CEO Yong-Bae Jeon, ‘CEO Talk’ for Full-Time MBA Students
2018.07.05 Views 2356 경영대학
‘CEO Talk’ for Full-Time MBA Students - Franklin Templeton Investments CEO Yong-Bae Jeon
“Ensure to Be Familiar with Emerging Trend in the World Finance”
“Ensure to Be Familiar with Emerging Trend in the World Finance”
On June 14th, KUBS opened a ‘CEO Talk’ lecture for our full-time enrolled MBA students at Hyundai Motor Hall, Room 403. The guest speaker was Mr. Yong-Bae Jeon, CEO at Franklin Templeton Investments. In his lecture ‘Global Trend and Leadership’, Mr. Jeon particularly focused on △Global Trend: World’s Leaders △Global Trend: Technological Revolution and FinTech △Leadership: Authority on the Investment.
Mr. Yong-Bae Jeon first pointed out that in understanding the rapidly changing trend in the world, it is important to pay attention to the world’s key leaders. “In particular, keep up with the updates on the political and diplomatic initiatives of the major trade countries: the U.S., China, Russia, and Japan.” He continued, “the aggregate market value tells you a business’s profit as well as its profit. The aggregate market value is a very important index that indicates the world trend.” Mr. Jeon explained his point by presenting aggregate market values of Apple, Amazon, Alibaba, Ten Cents.
Mr. Yong-Bae Jeon highlighted the disruptive technology as an example of the importance of aggregate market value. Disruptive technology refers to a new technology that potentially opens up a new era in the industry and takes a large part of the market. He explained, “A good example can be Uber; up until the 2000s, no one came up to the business idea of the riding sharing service. Who knows what kind of technological developments we will encounter in the 2020s.”
He suggested Cloud Computing, IoT, and E-Commerce as the three main technological developments. In particular, Mr. Jeon said “The one-day sales of Alibaba on the Chinese Black Friday was 28 trillion won. It indicates the potential of the e-commerce market, and I think Amazon and Alibaba will lead the market growth.”
On the other hand, Mr. Jeon emphasized the importance of FinTech. He explained that largest part of unicorn startup companies is FinTech companies. He suggested an example of blockchain as the innovative application of FinTech. “Blockchain is highly disruptive and innovative technology. I highly recommend you to be familiar with it, because it will be one of the economy’s leading force in the future,” he added.
Mr. Yong-Bae Jeon concluded his CEO Talk by suggesting an ideal attitude on investment by referring to Warren Buffet and Rupert Johnson, the founder of Franklin Templeton Investments. Mr. Jeon first explained the two rules of thumb on investment by Warren Buffet. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” “Always be careful not to lose money; no matter how much it is and how long you had been working for that money, it won’t take five minutes to lose all of it,” he added. The last point he stressed was the investment rule by Rupert Johnson, “Buy when the pessimism in the market reaches the highest; Sell when the market is irrationally optimistic.”
Mr. Yong-Bae Jeon concluded his CEO Talk by suggesting an ideal attitude on investment by referring to Warren Buffet and Rupert Johnson, the founder of Franklin Templeton Investments. Mr. Jeon first explained the two rules of thumb on investment by Warren Buffet. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” “Always be careful not to lose money; no matter how much it is and how long you had been working for that money, it won’t take five minutes to lose all of it,” he added. The last point he stressed was the investment rule by Rupert Johnson, “Buy when the pessimism in the market reaches the highest; Sell when the market is irrationally optimistic.”