Business
Hire people who are smarter and more knowledgeable than you are. Don’t hire people you can’t learn from or be challenged by. Hire people who will add value to the product and our culture. Don’t hire people who won’t contribute well to both. Hire people who
Business
The following excerpt is taken from the Scott Adams interview in “Tools of Titans”, page 269 and 270. The book is written by Tim Ferriss, and I highly recommend it. I rarely take full excerpts, but I did not want to change Adams' own explanation of the concept of
Personal Finance
I have been consuming the short writings of Nassim Taleb lately, and became specifically interested in his books. His 12 principles on true wealth are definitely worthwhile to think about. 1. Worriless sleeping 2. Clear conscience 3. Reciprocal gratitude 4. Absence of envy 5. Good appetite 6. Muscle strength 7.
Business
If you are an entrepreneur or an employee, you have to do three things: Building. Marketing. Selling. It is a must. As an entrepreneur, you build a product, or a system that can build a product. You try to make it automated. Then you try to put it in front
Personal Finance
Skill stack, or talent stack, is the combination of different skills that you have that will directly or indirectly affect your income, and as a result, your general life quality. Currently, I argue that the most important skill is communication. Listening well, talking well and asking well are key components
Psychology
All of our education has always been indicating the importance of learning and accumulating knowledge. In this process, all of us have absorbed a big chunk of information that does not consist of any valuable piece of knowledge. In other words, we accumulated information that we need to unlearn. We
Business
You are attracted to your interests, your goals and your desires. You seek them, work for them, want to achieve them. The perspective is one sided. You are going to them. What if they can come to you? What if they become attracted to you instead of you being attracted
Philosophy
I am writing this at the airport, and during my flight I kept reading “Shoe Dog” from Phil Knight, the founder of Nike. What a wonderful piece of writing! For so long, I haven’t come across such a book that I feel that I just cannot leave it. It
Business
The exponential returns in business are coming with your decisions, not earning for your time. Earning based on time and effort is crucial for anyone who is looking forward to starting a business. I believe that currently there is no escape from that. And there shouldn’t be. Earning based
Psychology
The following paragraphs are from the commencement speech of Charlie Munger at USC Law School in 2007. Charlie Munger has been an important mentor for me through his vision, and I would like to share his perspective on the concepts of “self pity” and “self serving bias” today with you.
Business
Understanding how dividends work is crucial for personal financial literacy. A dividend is basically the distribution of a company’s earnings. They can be distributed to stockholders monthly, quarterly or annually. Quarterly distribution is the most popular option among all. Assume you own an Intel stock. In principle, Intel Corporation
Philosophy
It is said that there are two main pleasures in the business world: 1- What you do and how much you earn. 2- With whom you do them. Well, there is an overlooked point here. There is a current business culture emphasizing the process over destination. I disagree with that.