chowyonghan Author

Good reputation brings you deals

(Excerpt from The Almanack of Ravikant) If you are a trusted, reliable, high-integrity, long-term-thinking dealmaker, when other people want to do deals but don’t know how to do them in a trustworthy manner with...

December 29, 2020| Morals Read More

Reputation has compounding effect

(Excerpt from The Almanack of Ravikant) If you have a sterling reputation and you keep building it for decades upon decades, people will notice. Your reputation will literally end up being thousands or tens of...

December 29, 2020| Morals, Nonlinearity Read More

Be good and be patient. You eventually attract what you project

(Excerpt from The Almanack of Ravikant) Figure out what you’re good at, and start helping other people with it. Give it away. Pay it forward. Karma works because people are consistent. On a long enough timescale, you...

December 29, 2020| Luck, Morals Read More

Money is a means to freedom and there are 3 ways to achieve it

(Excerpt from The Almanack of Ravikant) I learned how to make money because it was a necessity. After it stopped being a necessity, I stopped caring about it. At least for me, work was a means to an end. Making money...

December 29, 2020| Life, Success Read More

Play the wealth game and not the status game

(Excerpt from The Almanack of Ravikant) Wealth creation is an evolutionarily recent positive-sum game. Status is an old zero-sum game. Those attacking wealth creation are often just seeking status. … Status...

December 29, 2020| Ego, Life, Success Read More

Think more before you act

(Excerpt from The Almanack of Ravikant) We waste our time with short-term thinking and busywork. Warren Buffett spends a year deciding and a day acting. That act lasts decades....

December 29, 2020| Investing, Nonlinearity Read More

Do things for their own sake

(Excerpt from The Almanack of Ravikant) I only really want to do things for their own sake. That is one definition of art. Whether it’s business, exercise, romance, friendship, whatever, I think the meaning of life is...

December 29, 2020| Life, Success Read More

Value investing is about identifying mispricing

(Excerpt from Staring into the Valuation Abyss) I think there is a lot of confusion out there about what Value investing is. Lots of people seem to think it’s about buying really crappy companies for low multiples....

December 28, 2020| Investing Read More

Money can change behaviour when it is significant enough

It is easy for anyone to return a wallet and feel righteous about the act. But it becomes harder when the wallet contains a life-changing amount. Same thing for family inheritance. There’s nothing to fight for...

December 21, 2020| CYH Read More

Compounding is returns leveraged with time

(Excerpt from Last Man Standing by Morgan Housel) … compounding is just returns leveraged with time. Earning a 20% return in one year is neat. Doing it for three years is cool. Earning 20% per year for 30 years...

December 19, 2020| Investing, Nonlinearity Read More

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