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Zhang Yiming’s Last Speech: Part I
Do you have a “number one principle” that guides you through the ups and downs of running a business?... See more
While it’s not a principle, I often think of the parable of the Taoist farmer. The Taoist farmer has one horse, and the horse runs off. The villagers lament his misfortune, and he replies “We’ll see.” The horse returns with four more horses, and t
Morgan Housel • What We’re Reading
we can prioritise what truly matters,
Steven Bartlett • The Diary of a CEO: The 33 Laws of Business and Life
I think the first point of treating competitors with an ordinary mind is to see competition as the norm. Don't try to escape the competition, it's a good thing. I don't even think that competition should be ended by doing M&A. We see a lot of companies that eliminate their rivals through M&A becoming complacent and end up sl
... See moreZhang Yiming • Zhang Yiming’s Last Speech: Part II
In the beginning, the dissonance between the scale of your aspirations and the reality of your days will riddle you with anxiety. You will be tempted to strip the unknown of its surprises and travel to the future: What if my customers churn? What if a competitor introduces a better product? What if I run out of ideas? But spending your time wrestli... See more