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Jack Ma: If You're Poor At 35, You Deserve It
Submitted by Zach Ho via VulcanPost.com,
You are poor because you have no ambition.
Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.
There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.
When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this: “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.
As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”
Jack Ma: People lose out in life because of these 4 reasons:
- Being myopic to opportunity
- Looking down on opportunities
- Lacking understanding
- Failing to act quickly enough
You are poor, because you have no ambition.
Ambition is living a life of great ideals; a magnificent goal in life that must be realised.
In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one’s ambition determines the potential of one’ future.
By way of example:
The Story of Juliet Wu Shihong – one of China’s first-generation professional managers, who gained success by working her way up the ranks from a cleaner, a nurse, a marketing executive, through self-education and learning on the job.
She had been the general manager for the world’s most famous multinational IT groups’ Chinese branches (Microsoft 1985-1998; IBM 1998-1999). She is also China’s first successful international corporate executive to join the executive team of a domestic private firm. Wu was seen as a symbol of the new generation of business executives that China has produced in its economic reform and opening-up.
When Wu started off in a big company working from the lowest ranks, her daily job was to pour tea and sweep floors. Once, because she forgot her staff pass, the company’s guard stopped her at the door and denied her entry. She explained to the guard that she was indeed one of the company’s employees, and that she had merely left the building for a short while to purchase office supplies.
Despite her pleas, the guard still did not allow to enter. As she stood at the gate, she watched as those of similar age to her, but smartly dressed in business attire walking through without having to show their passes.
She asked the guard, “Why are these people allowed through without producing a pass?” The guard dismissed her coldly nonetheless.
That was the turning point for Wu – she felt great shame, her self-esteem trampled on.
She looked at herself, dressed in shabby clothes and pushing a dirty push cart. Looking back at those dressed in smart attire, her heart felt a deep ache from the sudden realization of the sorrow and grief from being discriminated. From that moment, she vowed never to allow herself to be shamed like this again, and to become world-famous.
Since then, she used every opportunity to enrich herself. Every day, she was the first to arrive at work, and the last one to leave. She made every second count, spending her time learning the ropes. Her efforts soon paid off; she was made a sales representative, and quickly progressed to being the regional general manager of this multinational company in China. Wu did not possess strong academic qualifications, and was revered as the ‘Queen of Part-timers’. Subsequently, she assumed the position of GM of IBM China. This is the Wu Shihong, the heroine in China’s business circle.
If not for the incident, Wu Shihong would not have had the ambition to become rich, and her life would have taken a very different path then.
Lessons...
- You are poor because you do not have the desire to become successful.
- You are poor because you lack foresight.
- You are poor because you cannot overcome your cowardice.
- You are poor because you lack the courage and determination.
- With ambition you can overcome all inferiority and maximise your potential!
- With ambition you can persevere, continuously learn new things and strive for perfection.
- With ambition you can defy all odds, and create miracles when others daren’t.
No matter how poor your family is, do not doubt your own abilities and lose sight of your ambition.
- When your family deems you worthless, no one will pity you.
- When your parents do not have money to pay the medical bills, no one will pity you.
- When you are beaten by your competitors, no one will pity you.
- When your loved ones abandon you, no one will pity you.
- When you have not accomplished anything by the time you are 35, no one will pity you.
Go big, or go home. Otherwise, you’re wasting your youth.
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Hey, I read that on a fortune cookie once!
This guy did not hear about "survivalship bias"?
Jack Ma, meet Tom Vu....
http://youtu.be/kzsSpDyBc_4
Tom Vu.... classic.
Whadda JackOff
A flaw in Jack's logic is evidenced by those rich people who have none of these traits.
Correlation does not equal causation, Jack.
"If you are not happy by 35, you deserve it." - cifo
When the SHTF, it dont matter if youre rich or poor...its about whom you can trust and those who trusts you.
Ma doesn't understand that you need skill sets relevant to the era you live in.
Not everyone can have them, otherwise we would all be clones.
The great equalizer emerges when the SHTF.
I just watched The Road:
http://www.imdb.com/title/tt0898367/?ref_=nv_sr_1
Anyone who amasses a fortune before 35 usually believes they are superior and forget all the people who helped them and all the people they stepped on along the way.
Just ask Zuckerberg, who stole his way to success . . .
-30-
They all do. Lieing, cheating and stealing is the name of their game. For criminals laws are more profitable when broken. For what is a profit? but a loss to another, that loss be it large or small but its still thieft of potential and possabilities. Over time those losses create a world with less potential and less possability.
Its about what you want to be, as much as what you want to do.
As well as how much of your limited time you want to commit to the endever of coupons that others sell to you at no cost to themselves.
Integrity, has a cost but no price can be placed on it. When this young man grows older perhaps he will see value rather then price.
To be rich in money involves costs that are foolish, immoral, and distructive. To walk the road of money requires you to love it more then anything else. So the question should be: What do you love?
If a person is happy, truly happy, love and are loved, then they couldn't be living any better..
Listen Hunter. That is so "BEAUTIFUL". I cry now, give me a minute alone.
There´s a word for guys like Jack Ma: "Sociopath".
But....
What if you don't want to be "rich"...
There are other forms of being "rich" than the money version....
The real question is: Do you want to be happy?
Jack Ma is a state-sactioned CEO puppet. he's happy because he's been allowed to be the face of chinese wealth.
"self-made" and "against the odds" is the propaganda the Chinese authorities want the world to believe to give their increasingly restless population some aspirational goals, to give them a role model reflective of 'the common man.' 'if he can do it, so can you' for all those tiny, malnourished chinese citizens desperate for something other than the misery of their daily grind.
Anyone who's ever been to Guangzhou or Shanghai knows you're not getting anywhere with a business unless you're paying bribes, courting political leadership, and toeing the line the party wants you to.
It's true in every 3rd world country, whether you're talking about Russian oligarchs, Chinese billionaires, or American 'social media' entrepreneurs. all 3rd world in the practice of their political economy, all predictable in terms of who they want to be the face of a class by way of allocation of resources.
does anyone here really think NSA data collection and social media haven't been in bed together from the start? or that BABA doesn't have the same type of relationship with the Chinese gov't?
Jack Ma didn't build that.
He should have been a community organizer instead, lol!
"Behind every great fortune, there is a great crime."
Balzac
I kind of have to agree with Jack. I think it just came across bad in the translation.
I have always said that success is 95% drive, ambition and work ethic, 4% luck, 1% knowledge. My old man was working in a gas station at 19 with a baby girl and retired a multi-millionaire at 58 with no college education. He also worked 12-15 hours a day, 6-7 days a week and took massive amounts of personal financial risk and a freakishly weird habit of spending less then he made year after yaer.
This guy is a survivor!!!! Took his company through the DOT com crash. Beat EBAY in China where they spent 250M trying to kill his company, made it through the 2008 crash. Knows his prioriteis and lives by them. Customers, employees, stock holders.
make it fast; make it big...run like hell (freezes soon) !
Holy shit. I must be a complete loser. I'm almost 50-year-old, and I don't have a pot to piss in. I blame the Bilderbergers. Somebody please shoot me.
BANG! You're welcome.
more like 40% connections, 25% effort/drive/ambition, 25% intelligence. and 10% serendipity.
people really underestimate the value of knowing people with access to substantial resources when building any kind of profit making enterprise. maybe it all just gets lumped into 'drive/ambition/etc,' but it gives the impression to the kids just starting out that 'effort and dedication' don't involve living on a family member's couch (TASR) or giving celebrity BJs just to get an IPO(The Honest Co).
the business world is ruthless, and pithy statements like "95% drive, ambition and work ethic" don't adequately capture the nuances of the herculean efforts it sometimes takes to succeed. then again, making a lot of money is easiest when you are born with a lot already, so sometimes it doesn't take much.
This. Greenie for saving me 5 minutes of typing on my cell.
.
. . . unless that person also had a jet. And a yacht. And maybe a stable of Czech mistresses. (Mistri?)
just another state sponsored, wall street financed megalomaniac.
beat me to it, cuz i was being too long-winded.
I have had similar experiences as Jack. When I was a Little Bastard I gathered 9 friends and told them about my plans to be a Billionaire. They nixed my idea telling me things like, “you don’t know anything about Billionairing” and “you’ve never been a Billionaire before so how now…” and “you’re Father wants you to become an allergist, not a Billionaire,” and so on. They were very negative. One even scoffed at me saying I'll never be anything more then a Cheap Bastard just like my Dad, but maybe a little cheaper.
All negative they were, except the Bagel guy down the street who said, “Little Bastard, if you want to be a Billionaire then go ahead and just try it. If things don’t work out you can go back to be just a Cheap Bastard.” And I did try … and try … and try.
Unfortunately, I fell a little short of the Billionaire mark but succeeded in becoming one damn good Cheap SOB … which is as close as I get to becoming like Jack Ma.
Ma seems to be an interesting mix of sycophancy and psychopathy. He's only successful to the extent that The Party permits it. Piss off the wrong people or groups, and he will be taken down. Similarly, his disregard for others reflects his reptilian brain structure. Watch your back, Jack. Sharks eat their own.
That said, he is right about the socialization of mediocrity. It was one of the most distasteful attributes of the Occupy movement. Exploitation by oligarchy would be more difficult if more people made an effort to cut through their mind-forged manacles (h/t William Blake). There's a reason why America boomed in the 1950s. People were encouraged to believe that they could accomplish whatever they set out to do. Nowadays, western culture is oppressed by government standardization and statist collectivism, ironically the same methods employed to varying degrees by eastern governments. Totalitarians are threatened by creative genius. It undermines their self-superiority. So the first to be targeted by dictators are creators and innovators, through no fault of their own. Taken to an extreme, the only outlet for creativity against control freaks is uprising.
When a country is on the upslope of growth there are tremendous opportunities for people to go from rags to riches but still not everyone.
I disagree with the notion that everyone can be a millionaire/billionaire if you do what I/they did meme.
There isn't enough resources on planet Earth for 7 billion people to live like Jack Ma, Warren Buffet, Bill Gates, etc.
I agree with his general sentement that you can't be pessimistic about your prospects even if you are getting kicked in the balls every day. You still have to give it all that you have and if an opportunity presents itself, take it!
That's defeatist / conformist programming, not you talking. Can you really say in good conscience that you have taken meaningful steps to make your life extraordinary? Your post suggests not.
The 'Sustainability' con was pushed out by oligarchical collectivists for the express purpose of suppressing individual potential, to keep everyone in their place. Modern central banking is likewise designed to impose an external measure on self-worth. The Battle For The Mind is OLD.
Taken at face value, Jack Ma's and other wealthy elites comments that poor people are poor and not wealthy like them while accurate, is every bit political rhetoric as anything coming from the "collectivists."
Whenever I hear a Jack Ma or Warren Buffet making suggestions how poor people can become successful, I simultaneously take their comments at face value while reading between the lines for the underlying politics.
Whenever Jack Ma and other wealthy elites lash out at the poor, I think it is because in the back of their mind they feel compelled to rationalize the great wealth that they have accumulated seemingly out of thin air.
I think we're on the same page. Wealth is empowering, a measure of self-esteem, even self-superiority. But there is an immaturity to Mr. Ma's self-actualization. Some of the wealthiest people I know apparently place greater value on personal qualities.
indeed
http://phstones.com/mobile.php
Just heard a quote from this guy. "If you want to help society, you HAVE to work with government". Go back to china and take your cheap chinese goods with you.
Ali Baba lived in great honour and splendour till he was visited by the terminator of delights and the separator of companions.
Why he named his company Alibaba?
http://www.bartleby.com/16/905.html
Correction: Zuckerburglar
If you're dead at 35 it's because you lacked ambition to get the absolute best health care money can buy. It's good to be rich bitchez.
Ok ok so Joan Rivers may put a crinkle, I mean wrinkle in that.
lol...
Or Bill Gates, who also stole his way to success, as has been documented in both book and film.
Are you saying he didn't build that?
No matter what endeavor, 50% will be above average, 50% will be below average. Cooperation trumps competition .
No matter what endeavor, 50% will be above average, 50% will be below average. Cooperation trumps competition,......usually.
Hey I would've been more impressed if he had opened the only still-standing chain of Chinese laundry mats in Ferguson.
He better buy a private army with that money because I would break his skinny back over my knee like a twig. What a sickly looking piece of shit.
I hope to any greater powers out there that it doesn't come down to cannibalism.
Not I.
Jack's tender flesh between his thumb and index finger has got me salivating.
Listen Cheduba, pass the "KETCHUP".
Jack's Links Beef Jerky....
http://www.amazon.com/Jack-Links-Original-10-Ounce-Packages/dp/B001SIY3EC
.
It's impossible to know which skills you'll need.
That's why you are born without specific skills, but with the ability of learning them.
That's why we're not clones. To enable "surpsires".
That's why your heart doesn't beat with a predefined pattern. It's random.
So you don't understand the incomprehensible, what makes you wiser than the ones who believe understanding it.
In a world designed by and run by psychopaths, for the benefit of psychopaths, some people find it difficult to learn to be a psychopath.
Or a crony capitalist, or whatever the favored elite du jour happens to be. The world does not run on merit.
It would be a much better place if it did.
Anus:
Not everyone can afford them, or have entrance into the Club . . .
There, fixed it for you.
-30-
Can't disagree with that.
"You are poor because you did not buy stawks"
Jack Ma who?
Nothing to see here, but an idiot.
Moving on…
An idiot worth what, about $36,000,000,000 USD? What's your net worth?
perhaps escrava is saying that you got to be human to claim that you're rich?
I may not be worth 36 billion or even 36 thousand, but unlike Jack Ma I can look at myself in the mirror and not feel guilt or shame. In my dreams I dont see the faces and names of people I stepped on and screwed over to make myself far more wealthy than any one person should be. I dont feel the need to constantly look over my shoulder to see if my past is catching up to me, and I dont need bodygaurds to save me from the people who's lives I crushed.
Jack Ma may have a lot of money in the bank but his money cant buy back his soul that he sold to make himself wealthy.
Well said.
hes hung like a bug, I got 10 fat ones
“You are not your job, you're not how much money you have in the bank. You are not the car you drive. You're not the contents of your wallet. You are not your fucking khakis. You are all singing, all dancing crap of the world.”
"You are not a prospective Google employee."
Image over substance...
That is what too many worship..even here.
They are not anything real and need be summarily dismissed as such.
Few understand what Fight Club is really about.
Onward with Project Mayhem.
Do not worry. The conflagration will be GLOBAL...including India.
As I create the RPGs.
What has he done of value with that money besides adding zeros to it. What has any billionair done? Nothing of value to anyone but themselves.
That fact should tell you all you need to know about fools and money. Most people grow out of that childish 'me' phase at some point in their lives. Money is created at will, unlimited in scope unlike the stars in the sky or blades of grass, yet some fools seek it out as if it was the only thing that mattered in life.
Money alone has no value untill it is used to create it. Value to whom is the important question. Valueing only ones self is a trait of young children, undeveloped minds, and the insane.
If your stupid and crazy be rich? could be the moral of the story.
To quote the gangstas, don't hate the player, hate the game... The name of the game on the planet today is; he who dies with the most $$$ wins, not a utpoian society where everyone lives an equal life... Like it or not, those are the cards we have been dealt...
But you think that you have to play it. And that is the problem.
You can always refuse to be complicit and NOT play it.
As Tyler said, "Your level of participation is up to you."
It is YOUR CHOICE as to your level of complicity within the game.
Yet you are no different from the rest as YOU REFUSE TO OWN IT...like so many others.
Yes your level of complicity is up to you. It belongs to you. You cannot deny it.
So instead of being hypocritical...OWN IT. CELEBRATE IT.
Or is that just too disturbing for...YOUR IMAGE?
Image over substance...What else is new?
I think that explains the whole "more money than brains" phenomena that i see so much of these days.
I dunno, but isn't that a crappy looking web site?
And here I thought the bulk of ZH members were capitalists... whodathunk...
What? Is your brand of capitalism State Sponsored Crony Capitalism?
Still measuring wealth in US Dollars??? Still valuing the Stock Market?
(That is how his wealth is measured. That is just reflective of YOUR OWN PERSONAL VALUES. OWN IT CRONY CAPITALIST.)
Now that is fucking laughable.
Wealth is not a measure of worth.
Vain ambition. Vanity of vanities. I hope Jack comes to know something a little deeper than his pockets.
Ma's got a point. But it also has much to do with the ephermeralization of good, quality education. Also, when did everyone on ZH become so anti-rich, anti-success, anti-wealth creation?
http://www.globest.com/blogs/rossrant/employment/skills-lacking-350606.html
When all those multi-billionaires (like John Paulson et al.) got super-rich from rigged markets and peddling crappy CDOs (Abacus CDO, Timberwolf CDO, Point Pleasant CDO, etc.) which they took out zillions of CDSes against, making billions from TARP funds and free Fed monies to all those banks and AIGs which had to make good on those CDSes on those rigged crappy CDOs.......
I clicked on the article but it just goes off on a rant about the state of education in America. Bad article, but good point about skilled workers being in demand. Problem is, what skills? Somehow the education system and the business people have got their arrows crossed.
Precisely
Brings to mind a report a while back that members of the family of Mao were sprinkled all over China's new financial elite...
Hmmmm...
http://en.wikipedia.org/wiki/Mao_Zedong
When you're Mao, you don't have to be a suicide jihadist to get the promise of 72 virgins. You get them here and now: a different one every night. Which is what he had.
And with all those mouths to feed, you gotta put them into cozy Gov.cn positions. Just emulating Genghis Khan.
So far, our Judea-Christian culture, and an army of feminists and divorce lawyers has prevented our billionaires from replicating at such a prodigious rate. I'd shudder at the thought of a bunch of Adelsons, Kochs, Ellisons, Trumps... running around.
oh, they're running around, but without the last names attached
Probably closer to the truth than what Ma said.
Most Ma's try to build self esteem in their little Johnnies, this bitch is a slave driver. West, meet your new boss.
There is soooooo much irony and historical bizarreness in what is happening right now, it's hard to know where to begin!!!
But one thought jumps to mind immediately.......
Western Socialist Slaves meet your new Conmunist/Capitalist Masters!!!
It looks like the socialist, fiat, free shit for no work, form of systematic structure may be over and the "Chinese version of 12 years a slave" may be upon us!!!
Based on the hundreds of ZH posts that are crying and excuse making for their "place in the world", I can only imagine how unreal and unfair it will seem to those with "east coast liberal sensibilities"!
Get ready my liberitarian friends, the world it seems, is about to flip hard on even you!!
Ma forgot rule numbah 5 :
"lick uncle Deng Xiaoping's ass..."
Everyone makes choices, no one's a James Bond who's a master at everything. If at 35 your choice of what you value above all else is electronic fiat ones and zeros created out of nothing by government bureaucrats, you may accumulate forty hour a week yes-men under you. But on a basic level you're still manipulated by others, playing a game whose rules are being set by power-playing puppeteers.
Hey, I guess we're all wasting our lives in slavery to something, even love.
"I was curious if I could care about (money) on some fundamental level, and I couldn’t" Chelsea Clinton, wife of hedge fund manager and part time reporter who made $600K in salary.
"I bankrupted Illinois. And I'm glad I bankrupted Illinois! Let me tell you why...
Ma's family was connected. You didn't get to travel to us as a chinese back when he did if you didnt have connections for visa. Connected in China means .gov. Of course he will deny it. I lived there for 6 years, I know how it works. Ma had a sponsor somewhere, just the way it is.
Bingo.
You gotta have someone up the ladder to pull you up to them.
Somebody with money gave it to him; someone with influence gave him openings; someone with pull carried water for him.
Jack Ma is the ugliest Chinese male I've ever seen.
After reading this, he is even uglier.
"Hey Jack - how about funding my dream . . . ? And who did that woman bed to go from cleaning after others to cleaning up from others?"
-30-
A lot of kids have dreams but no one to tell them to
Reminds me of a story I read once of the valedictorian of an inner-city high school that ended up a crack addict. Saddest thing I ever read.
while I agree with u 100%. it is probably easier to turn the question around and ask him to prove it was not luck by starting again with a new idea. if u fail, while u may have a wizzo answer why, it shows luck of the draw was on your side 1st time but not thereafter. you can add in ages if u like but really it makes no diff.
While I agree cronyism/rent seeking is detestable, what you've written above is a giant non-sequitir.
I don't think it's a one to one relationship, but there's a strong correlation between huge wealth and criminality.
Correlation does not equal causation but when you see so many examples of the above, it can start to look that way.
Re - If you don't succeed then you can always go back to what you were doing before:
What? Really? With no losses or responsibility whatsoever? You can just simply walk away and everything will be just how you left it? I find that very comforting to kno - but I still don't believe you.
Is there anyone one out there willing to put that in writing for me ... after you "lend" me a billion dollars? I got a couple of projects that I want to get moving. I can't guarantee they'll be successful but we will have fun trying. And if it all goes to shit I can just walk away, right? Don't worry, I'm not interested in walking away, although I might need to ask for more money. We'll see who quits first - my ideas or your pockets.
Depends on how fast we want to get up to speed, too. I mean I could start with a couple of years of studying so that won't cost you much at all for the first few years but that's just the selfish side of me talking. We could hire a few ready-made brains, take a few months of planning and then we should be able to start building and in that scenario, we'll start burning - I mean, spending money quite a bit faster. Like I said, some of my ideas have no guarantee off success, but you gotta be in it to win it, right? And success is all about taking on (whoops, I mean managing) risk, right? And at worst, maybe the next guy that comes along can pick up from where we left off. What's not to like?
Sorry, I'm a little ignorant here but how did this guy make money again? Write a couple of lines of code that allows you to buy and sell stuff on the internet? Pay some other Chinamen to write those couple of lines of code? (or did he just swipe and re-jigger the eBay code?)
He raises a good question though: Why isn't every first year uni student writing their own version of eBay as their first project? If it is so bloody difficult then WHY is it so bloody difficult??? If all we got is eBay, GumTree and Alibaba then they must have truly fucked up either computers or people who teach computing. Hell, you could almost make it a pre-requisite for second year: Write your own trading website and get at least ten hits. Maybe you'd like to do it as a joint venture with some marketing kiddies (or maybe not).
People are writing their own code for Tor marketplaces, makes it harder to get caught. There is still entrepreneurship out there, but a lot of it is in the black market.
Thanks for your reply.
Shouldn't internet market places be a commodity? Every man and his dog has one? So what makes one stand out above all the rest? Advertising?
Reliability.
Fortunues come... fortunes go... and sometimes they come back.. sometimes not.
Cool. Now I know why I'm poor.
All this time I thought I was poor because I didn't make a lot of money.
You are poor because the money you make is worthless.
Maybe not. I already called his bluff. I had lots of enthusiasm before I turned 35 and it didn't get me anywhere. Something else is missing and all those who know what it is ain't saying jack about it.
Making money is a knack, like whisling, learning foreign languages, whatever. People who have the knack can't understand why anybody is poor.
Edit: It helps if your Dad was a businessman.
I think it has something to do with borrowing money, as borrowing money is one of the few things I haven't tried yet. Plus you can save a lot of time if you don't have to wait to save up a decent amount of money to invest.
I think it also has something to do with finding a sucker onto whom you can dump all your losses. Otherwise you're stuffed after your first fuck-up. These days successful people always seem to be talking about "taking risks" and "managing risks". That sounds remarkably similar to "doing dumb shit and dumping your losses onto someone else" to me. Any successful people out there are free to tell me why I am wrong.
That was how Mitt Romney did it, anyway. Descibed his business model perfectly.
More Tom Wu (parody)
https://www.youtube.com/watch?v=HveMAHf2UBg
When did Living Color have an Asian guy?
You must also have a head shaped like a perfect box!
I wonder where all those "Hot" chicks went after 2009???
33 Liberty St, New York, NY 10045
Where the "real" currency resides.
DaddyO
I love Tom Vu!
Big fan. I spent a lot of late nights watching those infomercials.
"It slices, it dices, it crawls on its belly like a reptile!"
+1
You beat me to the punch. I immediately thought of Tom Vu. "Yu a loosa - Come to my seminar!"
Tom Vu was seen in other videos years later in poker tourneys in Vegas.
Good 'ole Tom Vu... You pulled the words right outta my head Banana.
"Lt. Dan invested in some fruit company and now we don't have to worry about money...i said good...one less thing"
Family Guy cutaway of Jack Ma (or actually Tom Vu)...
http://youtu.be/5ysMt_9JnyI
Sounds like a talk I attended 40+ years ago about how to get ahead in the United States... Hard work, diligence, opportunity, etc... IMO, all things of the past with the current crop of Merkans living in their parents basement and twiddling with their iGadgets...
+100
Yea, the chronic complainers always bitching about the boomers. The Avgerage age of CEO's is about 45 according to Forbes and most management is younger than that. Most successful businesses that were built by the boomers are crashing and burning, or off shored by the younger crop of managers. Due to the poor mismanagement, production is now going to the worlds lowest wage earners or imported via H1B. Any lower class jobs are eaten up by the illegals. Doesn't leave a lot of room for opportunity for Americans and their children.
Hard work, diligence, opportunity, etc...
Then the government steals it.
the follow-on article a year from now will talk about the many made poor by paying 20x PS for the BABA IPO
And how he got arrested for setting up another run of the mill internet business directory and pumped the stock to insane levels meanwhile the true worth of BABA is a couple of million bucks for the servers and software.
I have to agree with him. Here in the USSA, the dole has become a way of life and taken ambition away from many of us. Why should I work to get ahead when the gubmint will take care of me? Why should I be responsible for my actions when the taxpayer can "correct" my mistakes? I can stay at home, fornicate and procreate without a worry about how I'll feed or raise a child. Our welfare system has destroyed our country.
go back to hell and stfu.
round and round (live '84) http://www.youtube.com/watch?v=vuWD7VrHquU
Pretty sure banks have been operating under the same "Why should I be responsible for my actions when the taxpayer can "correct" my mistakes" for nearly 2 decades now. But I'm sure that is okay with you since their skin is pinkish in color. Nevermind the fact that the social welfare banks get is exponentially larger than some poor black skin folks will ever get.
it's been more than 2 decades though... more like 'throughout history'
Actually during the S&L crisis, some bankers actually went to jail for the fraud, granted it wasn't all parties involved in the fraud, but some high level scapegoats.
It sure hasn't helped!
I know it's nice to boil everything down to a sound bite but it's also facile and straight up wrong. Yes there are lazy asses out there by the million who know no better than to soak up benefits. But we've also seen a major change in the economy where it's no longer enough to be willing to sweat and labor to get a paycheck. Factories are run by robots, you now need a certification of what kind or another to weild a shovel. To say nothing of all the fuckery that the PPTB have used to concentrate wealth in their own hands.
Aw hell, I'm sure I've already lost you.
He is not talking about the dole, you are missing the point. He is saying that the guy pounding away at the steel mill is worthless because he has no ambition. The guy who is squinting in front of a CAD application all day designing a product is worthless because he does not have a dream. The guy behind the truck wheel driving across thousands of miles is worthless because he is not rich. Never mind the determination required for these people to hold down these jobs. Never mind that these are the people who make the products he plugs on his mediocre website, in the first place. Noooooo, he is worth something because he is determined, everyone else is shit.
Apparently the 1% is the same everywhere.
What was the George Carlin saying roughly - it's a club and you ain't allowed to join.
Jack Ma spits on the slave laborers who enabled him to build this company in the first place.
Jack Ma is just another Chink Massa with access to a massive cheap labour pool on the one side and access to a massive consumer credit pool on the other.
The Jack Ma's out there were enabled by a corrupt political caste in China and the US to allow the sellout of American labour to initiate the race to the bottom in China with collateral damage in both societies.
Jack Ma should be in the same line-up as the Clintons, the Bushes, the Bernankes and the executioners should not hesitate for a minute to pull their triggers.
Damn the fucking oligarchy getting rich off the backs of the millions of poor and impoverished and then spitting on them.
There is only one thing Jack Ma deserves. A bullet to his head.
A bullet to the head for youthful arrogance is not appropriate.
Besides I know what his current net worth will bring him at the end.
As the currencies collapse, as the Governments fall, he will end up with nothing at first.
Then someone will recognize him. Then they may crucify him.
(Bullets to the head are much too easy.)
I'd argue that our Feudal culture, our Slave culture, our Get-Scammed-Quick culture and our AFAB culture has corrupted US.
Exactly this. I do believe that entrepreneurship is the best way to be successful. However, be prepared fail most of the time and plan accordingly.
Exactly.
Why the media continues to quote naive charlatans (i.e., the 39th of the 40 thieves) who have not yet created any true economic value (i.e., equity from retained earnings) is laughable. Is their a reader thirst for quotations from masters of smoke and mirrors.
This is a repeat of the dot.com bubble era. Ma had excess Fed and Chinese liquidity thrown at him, which was the result of easy money policies, not the development of a bona fide earning machine.
This movie does not end well for the dupes.
Someone will remind him after his bubble pops.
But he will still be richer for the experience. What he is skirting around is that even when he was poor, he was part of the 1%...those that didn't have an avg. IQ of 81 and are eating dirt while waiting for Ebola to wipe out your neighborhood. Show me a bell curve of IQ and I will show you a disproportionate amount of wealth on the upper IQ side...IQ is not education...ask a crow.
What a fucking tool.
I got a bigger dick then he does! There go fuck a duck!
Nope!
He's a typical yahoo. Donald trump eat your heart out
thank you, cifo, and I believe it is properly called, survivor bias.
Yup, for every Sharon Wu this guy mentions, we have observed thousands of Sharon Wu's who followed the same exact pattern but didn't succeed as she did.
In other words, citing one example does not validate all examples!
Recommended reading:
Standard Deviations
by Gary Smith
Thank you, no kidding he never heard of Survivalship Bias. If he did he would amend what his theory was and in fact his theory is exactly the result of getting a false positive.
cifo, absolutely. What a c*nt. Getting rich hinges on more than just force of personality. It hinges on:
- Formal and informal education. Especially as a child.
- Place and time of birth. Capital chases opportunities. (God forbid you're born in Afghanistan. Whole nation of slackers.)
- Having the capital and funding to set up a business (and most likely the connections in China.)
All of those factors are entirely outside your control. This guy is a classic rich wanker who is blowing smoke up his own ass. Yes, his force of personality probably helped along the way, but to claim it is all due to that is absolute nonsense.