chowyonghan Author

When to use your gut instinct?

(Extracted from James Clear’s 3 ideas, 2 quotes, 1 question (October 10, 2019) Gut reactions are usually very wrong or very right. They tend to be wrong when they are based purely on emotion and in domains where...

October 15, 2019| Bias, Life Read More

Listen to your customers but not too much

(Extracted from David Perell’s Monday Musings (9/30/19) During a recent interview with Derek Thompson, Spiegel talked about how he invented the Stories format. Here’s how Spiegel told the story: ...

October 15, 2019| Execution Read More

The People Pyramid

Recently felt the hate stronger than ever. Instead of competing and doing better to serve the customers, they prefer to undermine by bad mouthing their competitors. Passive-aggressive people are irritating. The path to...

October 12, 2019| CYH Read More

Avoid expiring knowledge

(Extracted from Farnam Street – Compounding Knowledge) While most of us focus on consuming information that we won’t care about next month, let alone next year, Buffett focused on knowledge and companies that...

October 12, 2019| Half Life Read More

Co-founders’ relationship can change

(Extracted from Venture Deals) The relationship between the founders at the beginning of the life of a company is almost always good. If it’s not, the term sheet and corresponding financing are probably the least...

October 10, 2019| People Read More

Cultural programming

(Extracted from Atomic Habits by James Clear) We don’t choose our earliest habits, we imitate them. We follow the script handed down by our friends and family, our church or school, our local community and...

October 8, 2019| Structure drives behaviour Read More

You can lose money even in the best performing fund

(Extracted from innovativewealth) Fidelity Investments conducted a study on their Magellan fund from 1977-1990, during Peter Lynch’s tenure. His average annual return during this period was 29%. This is a remarkable...

October 8, 2019| Investing, Path Dependence Read More

Your business can’t please everyone

(Phil Knight at Stanford Business School lecture 2019) It doesn’t matter how many people hate your brand as long as enough people love it. Phil Knight...

October 8, 2019| Marketing Read More

Having management depth at every position

(Extracted from Bloomberg on Bloomberg) Whether by building or buying, there are dangers in growth you ignore at great peril. We insist on management depth at every position. Lack of it would leave us vulnerable...

October 6, 2019| People Read More

Fixing problems you previously didn’t know you had

(Extracted from Bloomberg on Bloomberg) Keeping serviceable what you’ve built is a never-ending process. Every day, something you never thought could go wrong, does. So every day plus one, you fix a problem you...

October 4, 2019| Entropy Read More

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