chowyonghan Author

Evaluate each business based on a couple of unique factors

(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Each business will have a couple of unique factors that are essential in evaluating its progress. Often, those unique factors are not...

May 10, 2020| Investing Read More

Fire once and not gradually during a downturn

(Excerpt from “How To Keep Your Company Alive – Observe, Orient, Decide and Act” by Steve Blank) Carpenters use the aphorism “Measure twice, cut once.” The same applies to layoffs. In every downturn...

May 7, 2020| People Read More

This is probably why Buffett bought airlines

(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Buffett said this is the number one question he would ask of himself: why is Berkshire investing in capital-intensive businesses?...

May 5, 2020| Investing Read More

The Head/Heart/Hands framework

(Extracted from My top essays/tweetstorms in 2019 on product/market fit, investing, KPIs, YouTubers, and more by Andrew Chen) The idea is that every work culture can be described as a pie chart of these three factors....

May 3, 2020| People Read More

What investors bet on in startups

(Extracted from My top essays/tweetstorms in 2019 on product/market fit, investing, KPIs, YouTubers, and more by Andrew Chen) 2019 state of tech investing: Pre-seed- Bet on the entrepreneur Seed- Bet on the...

May 3, 2020| Business Read More

Survival is an underrated factor in success

(Extracted from Timing, Luck, and Surviving by AVC) If you stick around long enough, you can often catch a lucky break. But that lucky break can’t come for you if you didn’t figure out how to stick around long...

April 29, 2020| Lindy Effect Read More

Why people pay for investment courses?

David Perell posted something close to my heart as I run courses and charge attendees for them. There are always people who don’t believe it is worthwhile to pay for self-development courses because everything is...

April 25, 2020| CYH Read More

Planck’s Principle: Science progresses one funeral at a time

(Extracted from Scientific Autobiography by Max Planck) A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new...

April 21, 2020| Ego, Resistance Read More

We are playing an infinite game and rules have to be changed to combat Covid-19

The responses to Covid-19 have been unprecedented. The Fed announced unlimited QE and buying corporate and municipal bonds. The Singapore government have announced that contractual obligations are suspended for a...

April 16, 2020| CYH Read More

Financial education is not a silver bullet for financially irresponsible individuals

A pawn shop executive was interviewed on TV. She observed customers often redeem their pawned items during periods where the government has given out the handouts. But they subsequently return to pawn their items one to...

April 16, 2020| CYH Read More

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