chowyonghan Author

Do your best but luck decides

Many times, we may have expectations of receiving a reward for our efforts, and when we don’t get what we believe we deserve, we end up feeling disappointed. This mindset may have been instilled in us from a young...

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Meritocracy is to identify the lucky ones

(Excerpt from Ben Bernanke’s speech at the Baccalaureate Ceremony at Princeton University, Princeton, New Jersey) A meritocracy is a system in which the people who are the luckiest in terms of their health and...

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Thoughts on The Art of War by Sun Tzu

It started off with a question to ChatGPT about the best Lindy books: And the drinking buddies said to read all as a challenge and write something that ChatGPT would not be able to generate. It was decided when we were...

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Book of the Year 2022

I wrote a lot this year but just not on this blog. Today is the last day of 2022 and I finally get myself to do the book of the year 2022. 2022 was a trying year. I guess not just for me but for many people too. For...

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Stock price is mainly driven by the market in the short term

(Excerpt from Stock Market Wizards by Jack Schwager) Jack Schwager: Did your economics education at Wharton help at all in your career as a stock trader? Steven Cohen: Not much. A few things they taught you were...

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What is branding and why is it important?

(Excerpt from This is Marketing by Seth Godin) Busy people (you know, the kind of people you seek to change) don’t care about your work as much as you do. They’re not as up to date as you are, or as aware of the...

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Every business has its critics and it is okay

(Excerpt from This is Marketing by Seth Godin) The critic who doesn’t like your work is correct. He doesn’t like your work. This cannot be argued with. The critic who says that no one else will like your work is...

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People want the drill bit, hole, shelf, or feelings

(Excerpt from This is Marketing by Seth Godin) Harvard marketing professor Theodore Levitt famously said, “People don’t want to buy a quarter-inch drill bit. They want a quarter-inch hole.” The lesson is that the...

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Prices go down = lose confidence

This is something that I have observed: investors’ confidence in their stocks wavers with the price movements. If prices are going up, they feel very confident about their picks. When prices are going down, they...

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USA is still attracting talents around the world

(Excerpt from Prisoners of Geography by Tim Marshall) For thirty years it has been fashionable to predict the imminent or ongoing decline of the USA. This is as wrong now as it was in the past. The planet’s most...

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