chowyonghan Author

What’s not going to change in the next 10 years

I very frequently get the question: ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question:...

Strategy Read More

What’s your hotdog

(Excerpt from Rework by Jason Fried) The way to find the epicenter is to ask yourself this question: “If I took this away, would what I’m selling still exist?” A hot dog stand isn’t a hot dog stand without the...

Circle of Competence, Strategy, Via Negativa Read More

Learn from success, not failure

(Excerpt from Rework by Jason Fried) Another common misconception: You need to learn from your mistakes. What do you really learn from mistakes? You might learn what not to do again, but how valuable is that? You still...

Business, Founder, Success Read More

Nothing to something

Light bulbs at first had no power stations and cables. Telephones at first had no poles and lines. Cars at first had no petrol stations and roads. Trains at first had no stations and rails. Aeroplanes at first had no...

CYH Read More

Mean reversion is the most ironclad rule in financial markets

(Excerpt from What Works In Wall Street by James P. O’Shaungnessy) The most ironclad rule I have been able to find studying masses of data on the stock market, both in the United States and developed foreign markets,...

Investing, Mean Reversion Read More

Books that define each decade of investing

(Excerpt from The Books That Help Explain Every Market Cycle of the Past 80 Years by Ben Carlson) 1940s: Where Are the Customers’ Yachts? by Fred Schwed Schwed did a wonderful job exposing Wall Street and its...

Investing Read More

Life imprisonment gives you financial freedom

What if you can achieve financial freedom immediately, would you do it? It is not a lottery ticket or some scams. Think about it – you can commit a crime that warrants a life imprisonment sentence and you will...

CYH Read More

Successful investing has to be pure art or pure science

Increasingly, I think successful investing has to be either pure art or pure science. If you haven’t know already, index investing is a scientific method because all the stocks in the index are picked by a set of...

CYH Read More

Year 2040… a parent may say

My kid doesn’t work in a company. He is in several projects: 1) he is in the team to design a 3D printing blueprint of a spacecraft part for SpaceX 2) he is also helping a Chinese company coming out w some...

CYH Read More

Shannon’s Demon – Rebalance regularly if your investments are volatile

(Excerpt from Fortune’s Formula by William Poundstone) Imagine youstart with $1,000, S500 in stock and$500 incash. Suppose thestock halves in price the first day. (It’sa really volatile stock.) This gives...

Investing Read More