chowyonghan Author

3 Tasks: Easy, Dreaded, and Challenge

Each day you are confronted with three distinct tasks – they are Easy, Dreaded, and Challenge. Easy tasks are typically routine stuff. You know how to do them and they don’t take much effort to complete. Dreaded...

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Success is about finding the best horse to ride

(Excerpt from Positioning by Al Ries and Jack Trout) The truth is, the road to fame and fortune is rarely found within yourself. The only sure way to success is to find yourself a horse to ride. It may be difficult for...

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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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