Highlight of this summer so far was yesterday (7 hours!) spent listening to Peter Kaufman, CEO of Glenair & editor of Poor Charlie's Almanac on life & business. Many of you are already very familiar with Uncle Peter's teachings, but I still want to share a few learnings.
Uncle Peter talked about the importance of hobbies. In fact it is the 7th rung of his Ladder of Balance:
1. health & fitness
2. family
3. friends
4. career
5. community
6. spirituality
7. hobbies

Paradoxically, being all in on balance gives you best results on any one rung.
I have found that to be true as I've become more balanced in my endeavors over time. There's no going back and making up for lost relationships, and a lot of valuable skills take patience to acquire.

PATIENCE, another Uncle Peter emphasis. I am definitely working on it 🙂
Circle of Competence: where you can accurately assess the odds. Specifically, if they are house odds or gambler odds. In conjunction with this though, you want to have a multi-disciplinary approach. I understood this to be using multiple lenses to look at the same focused thing.
Distinguish between fear, which is useful, and cowardice, which is useless. Don't beat yourself up when you're feeling fearful, it's a natural reaction and can be repurposed into motivation. But don't be a coward.
You can't understand a system you're a part of. It's much better to try to see things with an outsider's perspective. One of the worst biases we all have at all times is that we're limited by our age. Try to live life as if you're seeing it from your deathbed.
I'm not so enlightened just yet, but it helps a lot to spend time with older folks. I see my 88-yr-old grandparents 1-2x a week and just being with them helps me internalize so much about the fragility of life and what's truly important. Find yourself some elders to love!❤️
Anyway, I'll end with a final quote: Everything that's important can't be taught, but can be learned, if the student is ready.

IMO, the best Q to ask yourself then is, what am I doing to become more ready to learn what's truly important in life?
For me, being more humble, being more engaged are goals. And I'm also looking to broaden my hobbies, fitness and community work. For community, in addition to doing weekly Office Hours for startups, I'm happy to speak to even more student groups. So if you want to chat, DM me!
Also I can't forget to thank @DennisHong17 @RishiGosalia @honam @BillBrewsterSCG @10kdiver and everyone else whose presence, engagement and love made it great!!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Rui Ma 马睿

Rui Ma 马睿 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ruima

2 Aug
Short 🧵 on China’s “new” strategy of focusing on manufacturing. I quoted before CHEN Li, chief economist at Soochow Securities, whose speech on this went viral. He had said China going Germany path vs. US. Here’s his evidence for saying so:
1. 2021 Central Political Bureau meeting, the government work report meeting, specifically proposed that the proportion of manufacturing in GDP will no longer decline.
2. In the past nine months, almost all occasions in China have eliminated the statement that "the proportion of service industry should be increased" and "stimulate the development of tertiary industry".
Read 8 tweets
29 Jul
The takes that Chinese tech cos now going into manufacturing upgrade / industrial internet / B2B bc you know, the govt said so, are so damn ignorant.

I remember giving interviews to Chinese tech media on B2B prospects in 2015 and saying "maybe this is finally the year."
Actually, just go google, 2015 widely considered first year in China that cloud, B2B platforms, supply chain finance, smart manufacturing, etc. you know, all the things that go into this "industrial internet" concept, became a thing. Numerous funds were raised on this concept.
And now, as folks have been working on these biz and investing in them for like SIX YRS (at least, it just wasn't as popular pre 2015), just cuz now it's in the English news, doesn't mean it's NEW. Doesn't mean everyone's coerced to by the govt. Ridiculous take.
Read 10 tweets
28 Jul
Alibaba CEO letter today wrote about it becoming "consumer + industrial internet" together. You probably recognize "industrial internet" from Tencent, who's made this a big direction since 2018, even wrote a book on it in 2020. But what is industrial internet?
Apparently it was coined by Frost & Sullivan in 2000. In 2014 ish I notice it's starting to be a popular word but mostly referring to IoT (sometimes still does). It becomes REALLY popular by 2017, and of course by 2019 it's pretty much ubiquitous. It includes a lot of things:
- B2B marketplaces, not just of goods but also info
- credit & financing platforms for businesses
- any kind of smart manufacturing / agriculture
- I see folks include logistics, payments too
Honestly, kinda broad, but basically tech "connecting sector value chains," so non B2C🤷‍♀️
Read 7 tweets
27 Jul
China wants to be a manufacturing-based superpower, not a financialized one (like the US).

Very few understand this.
(Which is bizarre, since it's all the gov't talks about.)
Really weird that people can be triggered by this, this is just a fact that this is China's strategy, you can disagree if you want, but if stating this fact bothers you, then you have some problems engaging with reality.
Today I learned that people love it when you tell them that the sky is blue.
Read 8 tweets
26 Jul
"In the next 100 years, education will still exist, but New Oriental might not. Education is not the same as New Oriental."
-- Jack Ma in 2016
The above was from a conversation where Yu Minhong, founder of New Oriental $EDU & Jack Ma were arguing whose business would stick around for 100 years.
Tbf, Jack didn't think it was necessarily a given Alibaba would be around either. He said the co could be gone in 3 years.😆
"Very few internet companies last more than 3 years“ & "there are only two long-lasting realms in human society, religion and education." -- also Jack Ma in same conversation 🙃
Read 4 tweets
26 Jul
I think the confusion over “China tech” is due to lack of specificity:
1. consumer tech platforms & brands
2. service biz tech / B2B
3. tech for supply chain / mfg
4. chokepoint tech (China doesn’t have it, can be sanctioned)
5. frontier tech
5a. Climate / carbon reduction tech
1. Consumer tech platforms were too lightly regulated before with respect to antitrust. But many provide digital infrastructure on which domestic consumption (dua circulation!) relies. So the biz *practices* are curbed, the biz itself is not problematic. Brands are doing v well.
2. Basically SaaS / enterprise software. Huge area of upgrade for the economy, easy to unleash a lot more productivity. VCs already all over this for past few years. A great overview on it here:

podcasts.apple.com/us/podcast/tec…
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(