"What rationale did people use to justify these rather extraordinary numbers? "New technology will change everything," the logic went. "The Internet is going to completely revolutionize all businesses," the gurus chanted. "It's the great Internet landgrab: Be sure first, be there fast, build market share - no matter how expensive - and you win," yelled … Continue reading Essay | We’re a Crawl, Walk, Run Company – the Internet Bubble and Its Lesson Contemplated in Good to Great (Jim Collins, 2001)
Investment
Weaving Webs | Are You a Hedgehog or a Fox?
Haven't you seen this concept comprised of three overlapping circles somewhere? What do you think this concept implies? What do you learn and where do you think you can apply this model? There is an interesting yet fundamentally critical concept elaborated in Good to Great by Jim Collins. Called 'The Hedgehog Concept,' it is one … Continue reading Weaving Webs | Are You a Hedgehog or a Fox?
Weaving Webs | Give Me Problems, Not Answers
"In the investment world, you can only make money if you think different from everyone else. Bridgewater has prevented groupthink by inviting dissenting opinions from every employee in the company. When employees share independent viewpoints instead of conforming to the majority, there's a much higher chance that Bridgewater will make investment decisions no one else … Continue reading Weaving Webs | Give Me Problems, Not Answers
Essay | Professor Mauboussin’s Book Shelf
(photo by @mjmauboussin, twitter) My favorite author, Professor Mauboussin's bookshelf at Columbia Business School. He is teaching Security Analysis course for straight 26 years! I should have known him and his books much much earlier! Will they offer me a chance to attend his class? 🙂 Note, Jim Rogers also taught an Investment course in … Continue reading Essay | Professor Mauboussin’s Book Shelf
Essay | My New Year Reading Goals
In my previous post, I have wrapped up my 2017 readings. Then what's my selection for 2018? This year's selection is humble, I would say. I found that I frequently add up any intriguing subjects during the year, so this time I decided to start small. And I still have amazing books unfinished that are waiting for … Continue reading Essay | My New Year Reading Goals
Essay | The Best Business Books in 2017
January is a month for closing and beginning for me. I am doing lots of purging and hatching jobs these days! For this reason, I feel obliged to wrap up my readings that I've completed last year. I intended to finish around twenty books when the year started but made around fifteen or so. 'Come … Continue reading Essay | The Best Business Books in 2017
MORE THAN YOU KNOW – Finding Financial Wisdom In Unconventional Places
"When a system has low complexity and we can define interactions linearly, reductionism is very useful. Many engineered systems fit this bill. A skilled artisan can take apart your wristwatch, study the components, and have a complete understanding of how the system works. Such systems also lend themselves to centralized decision making. Many companies in … Continue reading MORE THAN YOU KNOW – Finding Financial Wisdom In Unconventional Places
STREET SMARTS – Adventures On The Road and In The Markets
"If you're so smart, then why aren't you rich?" This was a perfect example of being smart and not being rich. I had been so smart I went broke. I did not know what the markets were capable of. On Wall Street there is no truer adage, I learned, than the one attributed erroneously to … Continue reading STREET SMARTS – Adventures On The Road and In The Markets
ZERO TO ONE – How Will You Progress From Zero To One? A Note For Building an Extraordinary
"When we think about the future, we hope for a future of progress. That progress can take one of two forms. Horizontal or extensive progress means copying things that work-going from 1 to n. ... Vertical or intensive progress means doing new things-going to 0 to 1. Vertical progress is harder to imagine because it … Continue reading ZERO TO ONE – How Will You Progress From Zero To One? A Note For Building an Extraordinary