chowyonghan Author

Super successful individuals are cases of extreme luck

(Excerpt from The Psychology of Money by Morgan Housel) …focus less on specific individuals and case studies and more on broad patterns. Studying a specific person can be dangerous because we tend to...

September 26, 2020| Luck, Randomness, Success, Survivorship Bias Read More

Ben Graham’s return was largely delivered by GEICO

(Excerpt from The Psychology of Money by Morgan Housel) Benjamin Graham is known as one of the greatest investors of all time, the father of value investing and the early mentor of Warren Buffett. But the majority of...

September 26, 2020| Investing, Luck, Randomness Read More

Evolution of human’s attire

170,000 years ago – Clothes. Africans started wearing clothes before migrating to colder climates at higher latitudes. 40,000 years ago – Shoes. Researchers have found several differences between feet that...

September 21, 2020| CYH Read More

Innovation includes changing corporate practices

(Excerpt from The Ride of a Lifetime by Robert Iger) These are all executives who have been trained for years to grow their own businesses and are compensated based on their profitability. Suddenly I was saying to...

September 17, 2020| People, Strategy Read More

Information warfare is ever more crucial in an Internet era

(Excerpt from Mindf*ck Monday #47: The endless pursuit of truth by Mark Manson) I attended a talk (on Zoom) a few months ago given by a former official from the US State Department and he said something that kind of...

September 17, 2020| Politics Read More

Be honest and direct when firing people

(Excerpt from The Ride of a Lifetime by Robert Iger) FIRING PEOPLE, OR taking responsibility away from them, is arguably the most difficult thing you have to do as a boss. There have been several times when...

September 17, 2020| People Read More

Salesmen are at war with their prospects

(Excerpt from How to Sell Anything to Anybody by Joe Girard) But they need what you have to sell. That’s really why they’re there. So they stay. But they’re still scared, because they’ve been told what kind of...

September 16, 2020| Sales Read More

You need to close that sale to get what you want so badly

(Excerpt from How to Sell Anything to Anybody by Joe Girard) But I’ll tell you right now that feeling sorry for yourself is a trap. It guarantees that you’ll keep on losing. It kills everything that it takes to be a...

September 16, 2020| Sales Read More

Lead with optimism

(Excerpt from The Ride of a Lifetime by Robert Iger) Pessimism leads to paranoia, which leads to defensiveness, which leads to risk aversion. Optimism sets a different machine in motion. Especially in difficult...

September 13, 2020| People Read More

Be democratic or autocratic at appropriate times

(Excerpt from The Ride of a Lifetime by Robert Iger) It’s a tricky thing, moving people over to your side and enlisting their enthusiastic engagement. Sometimes it’s worth talking through their reservations and...

September 13, 2020| People Read More

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