In this episode, our host Professor Stephen Shih sits down with Professor Paul Kitney—former strategist at Morgan Stanley, Daiwa, and BlackRock. Paul shares how whether you're facing market losses or standing on a frozen ridge at -40°C, the pressure is real, the stakes are high, and the path to the top is remarkably similar. In a tense moment, Paul recounts what he learned on a remote mountain when two climbing teams made opposing decisions, and experienced dramatically different outcomes.
From stop-losses to summit strategies, Paul shows how the same mental frameworks apply across vastly different terrains. If you think investing is just numbers—or mountaineering is just courage—this episode will make you think again.