Jack Ma, the founder of $BABA, has an amazing friendship story with the Morley family. Without the Morley family, it is highly unlikely that Jack could achieve the success he had achieved with $BABA today. Here is a short thread on one of the most heart warming friendship story.
When Jack was young, every morning, he would showed up at the Hangzhou hotel to be a free tour guide to western tourists because he wanted to practice his English speaking skills.
One day, David Morley, son of the late Ken Morley, an Australian, was playing by himself at West Lake beside the Hangzhou hotel. Jack, spotted David and came up to David and asked if he could play together and practice his English.
The two flick matches together and had a great time. David and Jack later arranged to play Frisbee together the next day. Jack also met Ken, and Jack became friends with the Morley family. Little did Jack know this friendship is going to change his life.
After David went back to Australia, David and Jack became pen pals and started to trade letters with each other regularly. Jack would write his letter in a line and leave a line in blank for Ken to fix Jack's English.
Overtime, Ken became a mentor of Jack and showed him the Western world. When Jack was 21, in 1985, Ken even invited Jack to visit Australia during his summer holiday.
At that time, Jack didn't think that he would be able to leave China because he did not have a passport. However, Ken still encouraged Jack to try, and luckily Jack got his passport after a long 6 months of application.
Little did Jack know that he also need a visa to visit Australia. Jack therefore went to the Australian embassy at Beijing and tried apply for a Visa. Jack was initially rejected for 9 times, and Jack was going to give up.
Fortunately for Jack, he kept on trying, and during the tenth time, a kindhearted worker at the embassy helped Jack, and Jack successfully obtained his visa. Through this experience, Jack learnt that he should never give up, because all things are possible.
Jack then traveled to New Castle of Australia and stayed with the Morley family for 29 days. Jack has later commented that these 29 days in Australia changed his life forever as he started to develop a global view and his eyes was widened.
After his trip, Ken continue to be a big mentor and support to Jack. Although Ken always tell Jack that he is bullshitting, Ken nonetheless always supported Jack. Ken later even helped Jack buy his first apartment in Hangzhou.
Jack later donated 20 million to the New Castle University, which Ken always talks about despite not having a bachelor degree. Jack and the Morley family established the Ma & Morley Scholarship program for Australians in honour of the late Ken Morley who passed away in 2004.
To this day, Jack continues to be inspired by the late Ken Morley to help other young people, even the one who he did not know about, just like how Ken has helped Jack wholeheartedly when they knew each other on the streets.END//
I hope you have enjoyed this short friendship story between Jack Ma, the founder of $BABA, and the Australian Morley family. Above all else, I encourage you, if you can, always offer help to others around you because you never know how big of an impact you would make!
Thank you very much for reading this thread! I hope you all have an awesome day and continue to spread positive vibes around you! God bless!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
'How to win friends and influence people' by Dale Carnegie has been widely considered as the Bible of making friends and communicating. Here is a thread on some of the lessons i have learnt from the book.
Let's get started👇👇
1. Don't blame others but try to understand others. Understanding yields compassion, which is far more beneficial and meaningful than blame.
2. Be humble and praise others. The only way to get others to listen to you is to praise others sincerely. Don't be quick to showing off yourself, you should look at others' merits instead.
For all who have asked, here is my $TSLA writeup. The whole deep-dive is 16k+ words so very long. This write up by my own measure is the most comprehensive one i have ever written. Therefore, please feel free to jump straight to the sections that interested you.
Have you ever wonder why Jack Ma, founder of $BABA picked Daniel Zhang, a person who did not co-founded $BABA, was not trained by $BABA, to become Jack Ma's successor and act as $BABA's CEO and chairman? Here is a thread on Daniel's amazing story with $BABA
Let's get started👇👇
Daniel graduated from Shanghai University of Finance and Economics and first started working at Arthur Andersen and PWC. Later Daniel joined SNDA, the biggest gaming company in China and became their CFO.
In 2007, Daniel was recruited to $BABA given his financial expertise and success with SNDA. When Jack asked Daniel why did you want to join $BABA, Daniel without hesitation said, I already did a 3 billion USD company, now I want to do a 30 billion one.
For $NIO investors out there, please definitely be AWARE that a lot of people have been saying NEO park will produce 1 million cars for $NIO, and that is simply UNTRUE.
NEO park is an effort by the Chinese government with suppliers and companies (including $NIO) to build a high tech park for EV production, with an ultimate goal of reaching 1 million cars production per year.
$NIO's production will be included within that 1 million cars, but not all 1 million cars are $NIO cars. There are other Chinese EVs' production as well.
Joseph Tsai, the second most important man behind the success of $BABA shared that all $BABA's products have a 10 year time frame and follow the below strategic plan.
In year 1-3 👉 $BABA focuses on creating a product that people like, and $BABA do not focus on revenue at all
In Year 3-5 👉 start to develop a revenue model, and think about how can we earn a revenue of the product.
In year 5-7 👉 $BABA tries to find a path to profitability about the product now.
In year 7-10 👉 $BABA tries to harvest all the fruits that was previously planted, and really start to make profit of the product.
Peter Lynch is one of the greatest investors of all time. During his 13 years of running the Magellan Fund, his annualised return was 29.2%, more than 2x the S&P 500's return. This thread go through Peter Lynch's key lessons for all investors.
Let's get started!👇👇
1. Know what you own
The single most important thing in investing is know what you own. Peter famously said that you should be able to explain your stock holding in 2 minutes or less to a 10 year old kid. If you don't know what you own, don't buy it.
When people don't know about the stock, and the stock goes down, people don't know what to do about it (Peter famously said that these investors may flip a coin to decide whether they should sell). Don't be that guy who flips the coin.