Max Koh Profile picture
24 Oct, 14 tweets, 4 min read
Anyone can learn to speak well in front of a crowd.

You don't need to be smooth.

You just need to think like a Data Scientist.

Here's my secret after the last 9 years of speaking on stage to over 10,000 participants:
Before we begin, a quick overview of what I'll share:

1. a short story of how I learnt this

2. how I apply this to my own speaking

3. how you can apply this

Let's go:
1. Quick backstory:

I learnt this from the field of standup comedy a few years back.

And it changed the way I operated.

In my quest to hone my speaking abilities, I spent hours studying standup comedians. I would watch their shows and listen to their interviews...
I recall an interview with Chris Rock.

He was sharing his creative process:

Before he performed at a big event like a HBO special or David Letterman, he would test his jokes at dozens of small comedy clubs.

Often the size of the crowd would be 50 people or less.
He would test his new material there. And 90% of it would bomb.

Fall flat.

Silence.

And he would make a mental note, go back home and rewrite the joke, and try again at another gig.
The result?

By the time you see him do a world tour, where his jokes land with precision and the audience eating out of his hand...

He's already tested it multiple times.

I started doing the same.

And that changed my performance as a speaker.
2. How I applied this?

I would test my new stories and jokes at small seminars I did.

Usually 20-30 people where stakes were low. And I would watch their responses.

I would then listen for the data.
Back in the days of live events, I would gauge the volume of laughter or applause.

And that's why I love Zoom.

Because I can actually count the number of "hahaha" and 😂 emojis in the chat box.

Makes it even more precise.
But I don't just rely on these small seminars.

I test it everyday in my life...

With friends or family.

If I need to explain a technical concept on stage soon, I would start explaining it to friends in normal conversation without telling them my agenda...
I do the same for my jokes and stories.

I find a way to slide it into the conversation, then I watch how they respond.

Afterwards, I go back to my slides and tweak it.

So by the time I actually take the big stage and deliver it, I already know it's going to land.
I already know:

• which parts to pause
• where to inflect my tone
• and even when they will laugh

The smoothness you often see is not actually smoothness.

Don't be fooled.

It's a result of repetition and iteration.
3. How you can apply this?

So if you have an upcoming presentation you need to nail, don't just rehearse it solo in your bedroom.

Take it out into the real world.

Test your material in low risk platforms and everyday convo.

Make lots of "noise", and listen for the signal.
Then iterate your content based on these signals you get.

By the time the actual day comes, you'll have gathered enough data points under your belt.

Your audience will be hearing the material for the first time.

But to you, it's the 9th time.
I hope this helps.

If you found this useful, follow me here at @heymaxkoh

I tweet about:

• how I attained financial freedom before age 30, while still working 9-5

• my investing frameworks and strategies

• books on $$ and business that impacted me

• • •

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More from @heymaxkoh

25 Oct
The 3 part equation to make $$ from individual stocks:

$$ = % returns x Position size x Time

A short thread:
Many people only focus on the first part:

% returns.

They forget that results are also determined by:

- how big your positions are sized

- how long you hold the stock for

Here's 5 reasons why this equation helps you become a better investor:
1. Prevents you from chasing growth blindly

When you realize that % returns are just one part of the equation, you start to ask this question:

"How long can this growth sustain?"

Having that in mind will make you think twice before you buy the next hot stock.
Read 8 tweets
23 Oct
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What they have in common:

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- started with small capital base

A THREAD:
1. They make their own notes

They write things down, even if they never read them again.

Because the magic of making their own notes lies in the process of doing it.

Not in the actual notes themselves.

Making notes helps them discover what they really think about a company.
From Vernon, one of the private investors in this study:

“The notes help me to maintain mental consistency over time.

They are a stabilising influence when some news comes out which might tempt me to trade impulsively.”
Read 18 tweets
23 Oct
My favourite quote from Sam Walton, Made in America:
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That's simple:

Because we believe in the value of the dollar.
Every time Wal-Mart spends one dollar foolishly, it comes right out of our customers' pockets.

Every time we save them a dollar, that puts us one more step ahead of the competition—which is where we always plan to be."
Read 4 tweets
22 Oct
I turned 31 last month.

10 years ago when I was 21, I had less than $1,000 in my bank.

If you told me I would be financially free before 30, I wouldn't believe you.

But it's not all about $$.

Here's 18 lessons I've learnt about habits, happiness, life and death:
1. Wake up early

I learnt this 4 years ago after listening to Jocko Willink.

I’m not a morning person. Until now I'm still not.

But I force myself to rise early most days.

Knowing you’ve accomplished more than others by the morning is a good feeling.

It sets you up right.
2. Lift weights

Everyone in a competitive field should engage in some form of intense physical activity.

For me I lift weights 5-6x a week. But it could be any sport.

It teaches you valuable lessons like:

- showing up consistently
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Read 36 tweets
21 Oct
Discover how 2 billion dollar fund managers make investing decisions.

Meet David Poppe (right) and John Harris (not in photo).

Their firm, Ruane Cunniff & Goldfarb, manages the flagship Sequoia Fund.

They shared 5 of their key investing principles.

Here's the breakdown:
1. It's all about people

They believe there's a difference between good and excellent managers.

Their goal is to find the latter.

Because great management teams make better capital allocation decisions.

So in the long run, it makes the investment more predictable.
1b. How do they assess their managers?

They like to ask this question they learnt from Buffett:

"If you had to leave $1 million with somebody for 5 years, would you trust them to be a fiduciary of your investment?"

If the answer is yes, it helps them sleep better at night.
Read 10 tweets
21 Oct
How to read an Annual Report in 1 hour.

A step by step guide for busy people:
Context:

This is NOT the best way to read an annual report.

It's just how I do it with limited time, while holding my 9-5 job.

I will use "10K / Annual report" interchangeably.

I'll also share some other great guides to reading a 10K at the bottom of this thread:
1. Be clear on your intention

First, why are you reading the 10K?.

"Understanding the business" is a terrible answer. It's too broad.

You will end up reading passively.

Because you don't know what to look for.
Read 19 tweets

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