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joshua tai

@JoshuaTai0427

20 Jul

'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.

Read 28 tweets

joshua tai

@JoshuaTai0427

18 Jul

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.

Read 15 tweets

joshua tai

@JoshuaTai0427

16 Jul

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.

Read 29 tweets

joshua tai

@JoshuaTai0427

16 Jul

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.

Read 7 tweets

joshua tai

@JoshuaTai0427

15 Jul

A short $BABA thread

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.

Read 5 tweets

joshua tai

@JoshuaTai0427

14 Jul

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.

Read 23 tweets

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