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Jack Ma: If You're Poor At 35, You Deserve It

Tyler Durden's picture




 

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.

Jack Ma founding members

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 serious

Jack Ma: People lose out in life because of these 4 reasons:

  1. Being myopic to opportunity
  2. Looking down on opportunities
  3. Lacking understanding
  4. 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.

 

Juliet Wu Shihong

 

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.

 

Juliet Wu Shihong

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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Mon, 09/22/2014 - 18:48 | 5244970 sgt_doom
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Somehow, this sounds very familiar.

Didn't I read this years ago when I was at the beach with an old girlfriend (her book, not mine)?

Yeah. . . .I think it was one of those Sidney Sheldon books.

Mon, 09/22/2014 - 11:51 | 5243183 ersatz007
ersatz007's picture

First, not everyone's goal in life is to be rich by 35 like Jack Ma.  

Second, not everyone's definition of 'success' is material in nature.  

Third, while I certainly don't begrudge Mr. Ma's success, I think many "successful" people forget how much help they received from benefactors and mentors along the way.  i.e, It seems many "successful" people want to attribute ALL of their success to their own ingenuity, perserverance, hard work, ambition and willingness to take risks.  

I make a decent living in a job for which there's a pretty good demand (at least until everything goes down the crapper).  Sure, I work hard, am responsible, and I took some risks when people told me not to go down the path I did.  However, in addition to all of that, I'm in the position I'm in because I have had some great bosses & mentors who helped me out; one specifically who gave me a great referral that initially put me into my current career and earning bracket.  

In spite of that, I think his message is, for the most part, pretty spot on.  No one is going to pity you (except maybe your blood).  

Mon, 09/22/2014 - 11:54 | 5243190 potato
potato's picture

Let me share something with you guys. I thought the exact same thing, when I was 20 yrs old, working on Wall Street. All I wanted was a Lamborghini and I knew, in my mind, anyone can do it.

However, over time, I saw my peers making sacks of money, but still living paycheck to paycheck. I'm talking 20, 30, 50k a month. 

I work in a real industry now (not finance), am happier, make more per hour, and am building productive things. I would never buy a lambo because I only spend 10 to 15% of what I make and don't buy any single thing I couldn't work for in one paycheck.

What Ma says is true... i see all these youths wasting away, thinking they're all that making 80k a year, as some stupid account execs or nurses or whatever low-skilled job du jour. All my stockbroker friends still on Wall St are now broke still working 14 hrs a day. 

What Ma says is true for 98% of people out there, whether in North America or North Africa. What holds back the 2% for whom this does not work is a lack of imagination. Lack of innovation.... creativity.

Mon, 09/22/2014 - 11:58 | 5243213 potato
potato's picture

Some people are so poor.... that all they have is money.

Mon, 09/22/2014 - 12:11 | 5243290 Billy Sol Estes
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.... or debt

.... or piles of shit and trash like my girlfriends EBT/WIC hoarder sister

Mon, 09/22/2014 - 12:27 | 5243332 Itchy and Scratchy
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The 'hoarder sister' crack ..........cracked me up! Best comment of the day!  Well done!

Mon, 09/22/2014 - 12:27 | 5243367 silentboom
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Yo mama's so po, she can't afford the o and the r.

Mon, 09/22/2014 - 12:46 | 5243425 MassDecep
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As you kind of pointed out, working hard and being enthusiastic about anything you do, will get you far. At least in my life, it has. I have collected one week of unemployment my whole working career at the age of 51 now. But, do you really need all the material things in life? Is it really worth all the gut wrenching hours spent making a buck? Sitting first class automatically everywhere you fly, because you are never home?

My experience is that, yes the material things are good, but are fading as time goes on. They are just not as important as a relationship with another human being or God is. Taking a walk everyday with my Rot in the many reservoir areas in Maryland is priceless. Praying to God almighty that he will make me aware of how I am being a selfish jerk today, and how I cannot be like this, is really the focus as age advances.

Mon, 09/22/2014 - 11:55 | 5243200 Solio
Solio's picture

Carmina Burana dude!

https://www.youtube.com/watch?v=QEllLECo4OM

 

 

Mon, 09/22/2014 - 18:03 | 5243202 Lea
Lea's picture

Looks like a textbook on "how to become a perfect sociopath in ten easy lessons" or "psychopathy explained to dummies".

Well, the Chinese haven't been very hot on philosophy since that moralistic old fart Confucius, have they? And that was a very long time ago. Next great "thinker" they had was Mao.

Go figure.

 

And there are other ambitions in life than running after pennies, moron. Ask yourself how many guys are historical icons merely because they were rich, and how many are legends because they were true heroes, scientists, thinkers, statesmen, artists, etc. Any history book will give you the answer as to what a true human icon is, you overbloated sack of shit.

Mon, 09/22/2014 - 11:55 | 5243204 Quinvarius
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There is some truth here.  You can still end up poor with those qualities.  But not trying is how to suck forever.

Mon, 09/22/2014 - 11:58 | 5243209 NuYawkFrankie
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Synopsis: "You're all abject failures!"

Say it aint so Ma!

Mon, 09/22/2014 - 11:57 | 5243210 pupdog1
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35, Jack?

Orwell said:

"At 50, everyone has the face he deserves."

Mon, 09/22/2014 - 11:59 | 5243214 Millivanilli
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Yeah, Bach, Rembrandt, DaVinci,  Feynman, Copernicus, Kepler, Euler, Gauss, Curie, Faraday, Tesla, etc etc etc and every other person consumed with the passion for knowledge and beauty without the drive for wealth is a loser.   

 

 

 

 

Mon, 09/22/2014 - 13:18 | 5243615 ersatz007
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i'm guessing the down votes are from folks who don't get sarcasm...

Mon, 09/22/2014 - 11:58 | 5243216 STG5IVE
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Jack Ma deserves a front snap kick to the balls

Mon, 09/22/2014 - 11:59 | 5243219 kieran1968
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Ah meritocracy, the joys you bring. So it's my own fault if I'm on minimum wage due to my cognitive capacity.

 

So by that thought, if all 7 billion of us were as clever as you Jack, then we'd all be wealthy and successful.

Mon, 09/22/2014 - 12:00 | 5243221 p00k1e
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Don’t worry, fellas/dames.  Soon we’ll be able to trade one gold coin for a four-story building in the city of our choices.

Condos for a silver eagle…..  

Mon, 09/22/2014 - 12:02 | 5243229 Orwell was right
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Cifo (posted earlier today)  beat me to the punch....(I was busy trading and didn't get to ZH until late).   

The few ego maniacs who actually manage to make money, always attribute their success to internal personal traits, and insist anyone else COULD follow along if only they behave like the ego-maniac.      The fact that 100,000 ego-maniacs had exactly the same traits and failed...gets not notice.    The fact that pure random luck meant one would succeed no matter what.....also gets overlooked.

Suvivorship bias in its most obnoxious form.

Mon, 09/22/2014 - 18:52 | 5244982 sgt_doom
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Survivor bias.

Standard Deviations, by Gary Smith

Mon, 09/22/2014 - 12:02 | 5243236 TabakLover
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So, if someone looks like a weird little dickhead, and talks like a weird little dickhead..................

Mon, 09/22/2014 - 18:53 | 5244983 sgt_doom
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...he's bound to have 24 friends?

Mon, 09/22/2014 - 12:07 | 5243239 tommylicious
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Always a good idea to tie your self and general worth to success in business.

Mon, 09/22/2014 - 13:11 | 5243248 Itchy and Scratchy
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I ain't sure if money brings u happiness ........but I know poverty sure don't!

Mon, 09/22/2014 - 12:06 | 5243249 THE DORK OF CORK
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These people are in the first flush of capitalistic accumulation.

They have no understanding of society and how it works.

Generally only when at their death bed do they come to realize how pointless their life was.

Asia is just full of Ebenezer Balfour type people  I imagine.

Willing dupes of the banking system.

 http://www.pleasence.com/graphics/kidnapped-3.jpg

 

Mon, 09/22/2014 - 12:06 | 5243256 FieldingMellish
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Proof that top CEOs are all psychopaths.

Mon, 09/22/2014 - 12:07 | 5243262 Jim Shoesesta
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Typical Oriental. 

Mon, 09/22/2014 - 12:08 | 5243272 p00k1e
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Jack Ma needs to grow a beard like the Duck Hunters.  Everyone loved the duck hunter show…..  people have a thing for swimming in the back of a pick-up truck. 

Mon, 09/22/2014 - 12:08 | 5243274 eddiebe
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Sorry, but this guy sounds like a real asshole. Well for his sake, I hope he's not and finds balance.

Mon, 09/22/2014 - 12:09 | 5243277 Lostinfortwalton
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Being at the top of your field and making a lot of money are not the same thing.

Mon, 09/22/2014 - 12:11 | 5243281 Handful of Dust
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He's not a subscriber to, "The Meek shall inherit the Earth" philosophy, I guess.

Mon, 09/22/2014 - 12:14 | 5243286 NuYawkFrankie
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Who is Harry Blabber?

Or am I missing something in Ma's mumbling?

Mon, 09/22/2014 - 12:11 | 5243288 Alex P Keaton
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Great, now the Chinese are even ripping off Tony Robbins.

Mon, 09/22/2014 - 12:13 | 5243294 GooseShtepping Moron
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There are so many counterexamples to this drivel that it would take a flow chart to list them all, but here is at least one more that sprang readily to my mind. What about the people who work hard, achieve success, and don't crow about it?

If someone starts bragging as soon as they meet with good fortune, this tells you that all they were interested in from the beginning was their own ego. Vanity is not a necessary component of success nor is it a legitimate fruit thereof. Success comes and goes in this life; there are no guarantees. Yes, it probably improves the odds a bit to have vision and to work hard, but that's a very small signal in a lot of noise. Ultimately God is the sovereign ruler of all creation, and He disposes property as He sees fit. If He does not prosper the work of your hands then the labor is in vain.

Also, success ruins proportionally more people than poverty does. Pain is easier to bear than luxury, and is more instructive. Those without the talent to manage great fortune will quickly lose it, and humility is the key to all. This guy has none.

Mon, 09/22/2014 - 12:13 | 5243295 Bunga Bunga
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Jack Ma will be poor soon too!

Mon, 09/22/2014 - 12:15 | 5243308 Itchy and Scratchy
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I'm thinkin' Jackie Boy don't spend his time worryin' about Global Warming & ISIS & Gay Rights Minimum Wages & Gender Equality & Social Welfare & Social Equaility & how rich the 1%'ers are!

Nothin' hurts worst than the truth 4 sure!   Rock on' big man!

Mon, 09/22/2014 - 13:20 | 5243626 paul steinert
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Ma also doesn't seem to worry about central bank policy, the fractional reserve system, or gold backed currency.  He at least is playing the hand that was dealt.

Mon, 09/22/2014 - 13:47 | 5243750 Itchy and Scratchy
Itchy and Scratchy's picture

Right on! And when he was born he got a real sour hand to play!

Mon, 09/22/2014 - 21:56 | 5245630 pgroup
pgroup's picture

He IS the central bank policy. At least he thinks he is.

Mon, 09/22/2014 - 12:16 | 5243309 Boubou
Boubou's picture

I think Janet was trying to tell us the same thing.

By the way, where can I find janet's celeb pics online?

Mon, 09/22/2014 - 12:16 | 5243316 juujuuuujj
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Jack Ma's sister in law makes $35 a minute online. And so can you! Just don't be weak loser, you worm!

Mon, 09/22/2014 - 12:20 | 5243330 Kreditanstalt
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I'm curious then, Jack...do you believe everyone, if only they have these four qualities, can still simultaneously "get rich"?

Mon, 09/22/2014 - 12:23 | 5243344 Itchy and Scratchy
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More than likely! Sadly NONE of it is taught in our towering institutions of self serving socialist affirmative action liberal education now a day!

Mon, 09/22/2014 - 13:58 | 5243810 blabam
blabam's picture

Scarcity is a socialist construct!

Mon, 09/22/2014 - 12:21 | 5243334 WTFUD
WTFUD's picture

Weird looking reptile lizard boy who thinks he has 24 friends, well possibly, if in fact he is a reptile.
Sounds even more unbearable than MZ; no mean achievement.

Mon, 09/22/2014 - 12:22 | 5243339 Vooter
Vooter's picture

Not a penny of this guy's money is going into my bank account, so why should I care one whit about his life, let alone what he has to say? Who gives a shit?

Mon, 09/22/2014 - 12:25 | 5243350 Itchy and Scratchy
Itchy and Scratchy's picture

More than likely your pension fund owns a part of his company!

Mon, 09/22/2014 - 12:25 | 5243361 Vooter
Vooter's picture

Oh, wow, I guess I'd better start sucking his cock, then!

Mon, 09/22/2014 - 12:29 | 5243371 Itchy and Scratchy
Itchy and Scratchy's picture

Get in line! You'll be waitin' for a while!

Mon, 09/22/2014 - 12:37 | 5243418 Vooter
Vooter's picture

You would know...

Mon, 09/22/2014 - 12:22 | 5243341 abgary1
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The pope is material poor so does that mean he does not have ambition.

Mon, 09/22/2014 - 12:24 | 5243352 Itchy and Scratchy
Itchy and Scratchy's picture

Just socialist!

Mon, 09/22/2014 - 12:45 | 5243447 Ginsengbull
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Capitalize the title, Pope.

Mon, 09/22/2014 - 12:25 | 5243360 StupidEarthlings
StupidEarthlings's picture

Well..there is some truth to alot of what he says. But its also mostly common sense. People are just lazy today..and want to blame the system when they fail at something.

 

As far as that woman in article who 'worked her way up 'from janitor/ nurse..etc..

I dont know how much id like a nurse that was 'self educaded and learned on the job' ... but hey..this is china..who even knew they had nurses and doctors n such.

;)

 

Mon, 09/22/2014 - 12:28 | 5243368 atomicwasted
atomicwasted's picture

You can't downvote this as a bunch of crap while simultaneously decrying the "Free Shit Army."  Make up your fucking minds, people.  You have hardcore cognitive dissonance.

Mon, 09/22/2014 - 12:32 | 5243385 Itchy and Scratchy
Itchy and Scratchy's picture

Jackie fires Amerika it's own message at them & almost everybody including the chosen bewildered 'Kenyan' goes hun??? What he said???  

Mon, 09/22/2014 - 12:43 | 5243437 Ginsengbull
Ginsengbull's picture

"Making up our minds" is how we, the middle class, got fucked into this mess by both sides.

 

Fuck the poor AND fuck the rich, and your little dog too.

Mon, 09/22/2014 - 12:46 | 5243449 Itchy and Scratchy
Itchy and Scratchy's picture

The old triple play!

Mon, 09/22/2014 - 12:31 | 5243380 Seasmoke
Seasmoke's picture

Ha ha. That Jack Ma. 

Mon, 09/22/2014 - 12:32 | 5243390 Wilcox1
Wilcox1's picture

This guy can't be serious.  From a results perspective he implies that out of a country of 3.5 billion people only a microscopically small proportion of them possess common human ambition and ability. If he's so smart why would he go around pissing off so many people in so little time?

Mon, 09/22/2014 - 12:52 | 5243479 cornflakesdisease
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I remember a certain bankruptcy liquidater of steel mills had a simular cavileer attitude.  In fact, he screwed pensioners of one company out of $140,000,000 of which he and his cronies got about 80% of for themselves.  "It's just business." he explained on 60 Minutes.  Unfortunately he didn't have much time to enjoy it. He died two years later of cancer at age 57.

"I returned to see under the sun that the swift do not have the race, nor the mighty ones the battle, nor do the wise also have the food, nor do the understanding ones also have the riches, nor do even those having knowledge have the favor; because time and unforeseen occurrence befall them all."  King Solomon.

Mon, 09/22/2014 - 12:58 | 5243513 Civilizedworm
Civilizedworm's picture

I was gonna post that passage, you beat me to it. We should have ambition and drive and not be lazy, but at the end of the day a time and a chance happens to us all. Hard work alone is not always enough. 

Mon, 09/22/2014 - 14:51 | 5244022 zipit
zipit's picture

RE: "only a microscopically small proportion of them possess common human ambition and ability": Let me fix that for you: "only a FRACTON OF A microscopically small proportion of them possess common human ambition and ability".  There :)

Mon, 09/22/2014 - 18:58 | 5244994 sgt_doom
sgt_doom's picture

Isn't Jack Ma the guy who invented the Internet, the World Wide Web and cheddar cheese?

Mon, 09/22/2014 - 22:05 | 5245688 pgroup
pgroup's picture

Jack Ma is Al Gore? Or Al Gore is Jack Ma? And where the hell did cheddar cheese come from anyway? And don't give me that 'from a cow' shit either.

Mon, 09/22/2014 - 12:34 | 5243401 silentboom
silentboom's picture

But the news tells me that everything is someone else's fault.  This doesn't make any sense.

Mon, 09/22/2014 - 12:37 | 5243420 Smiley
Smiley's picture

Yes, YES!  Give the world a reason to cheer for your misfortune.  May the algorithms of a thousand frontrunners decimate your company.

Mon, 09/22/2014 - 12:43 | 5243438 Seasmoke
Seasmoke's picture

Everyone should be a billionaire by now. Next up 7 billion trillionaires. 

 

By the way what is 7B x 7T = ???????

Mon, 09/22/2014 - 13:53 | 5243793 Cobra
Cobra's picture

My calculator says 4.9e+22.

Maybe 49,000,000,000,000,000,000,000?

Just a guess.

Mon, 09/22/2014 - 12:44 | 5243440 Itchy and Scratchy
Itchy and Scratchy's picture

Not that it matters but Mr. Ma was probaably poor at 35?

Mon, 09/22/2014 - 12:46 | 5243450 scubapro
scubapro's picture

 

 

does anyone have any idea why yhoo total mkt cap is lower than the value of its baba stake?  seriously, what am i missing?

i can see the run up over the past 15 months as a play on baba's ipo price, now we know and its much higher than previously thought.     yhoo has a businss has value, 1.2B in profits  ??

Mon, 09/22/2014 - 12:48 | 5243460 Itchy and Scratchy
Itchy and Scratchy's picture

Must be the superstar runnin' it!

Mon, 09/22/2014 - 19:00 | 5245015 sgt_doom
sgt_doom's picture

Obviously, it's a rigged market, dood!

Mon, 09/22/2014 - 12:47 | 5243455 Sorry_about_Dresden
Sorry_about_Dresden's picture

I remember Donald Trump talking about his success was all self driven and trying to pass himself off as a average guy ....then to discover his father gave him, only, $750,000 to start out.

Fuck you Ma!

Mon, 09/22/2014 - 19:01 | 5245019 sgt_doom
sgt_doom's picture

Not to quibble, but I think it was a bit more than that.

That Fred Smith story (FEDEX founder) was really great, with him claiming he started Fedex with only a $100,000 inerheritance, and then to find out years later --- plus $9 million from his family.

Mon, 09/22/2014 - 12:46 | 5243459 reader2010
reader2010's picture

The guy is so full of shit because it just shows how ignorant and shallow he is.  He doesn't understand in the end he will die and he can't just take all his money with him in the end. What matters is not how much money he had had one hundred years from now because he would be long forgotten. How about Lao Tzu? How about Chuang Tzu? How about Confucius? They were all poor and lived in poverty some two thousand years ago. 

Mon, 09/22/2014 - 12:49 | 5243464 SMC
SMC's picture

"Poor" is not being able to accomplish that which you want to do when you want to.

I have been very fortunate in life, no complaints and very grateful for the many friends and enemies who helped guide my way and kicked my ass whenever I was lazy and/or stupid.

One of my “mentors” I have never met but am eternally grateful to is Napoleon Hill. Consider reading his book “Think and Grow Rich” (in the public domain, the link has various electronic formats).

https://archive.org/details/Think_and_Grow_Rich

Mon, 09/22/2014 - 12:50 | 5243467 SmittyinLA
SmittyinLA's picture

alibaba is 2 things, a website ........which can be duplicated-like a photocopy, and a police state monitring tool with police state backing.

Ma is a beard for police state monitoring, a cheerleader like AlGore and Elon Mosk and Leonardo DeCaprio, he kinda reminds me of Forrest Gump he's thinks he's operating on wishful thinking and dreams, not fascist police state monitoring.  

How much of Google & Yahoo & AMZN is funded by the NSA?

Mon, 09/22/2014 - 12:51 | 5243476 Praeda2
Praeda2's picture

For a guy that made a website, he can hardly claim to have done anything ambitious.

"You are poor because you do not have the desire to become successful."

Now he's just quoting from, "The Secret". 

"You are poor because you lack foresight."

So profound.

"You are poor because you cannot overcome your cowardice."

Look out, we got ourselves a modern day, Confucius.

"You are poor because you lack the courage and determination."

MOAR secret. Thanks ugliest man in China. Let's hope your billions can find a cure for AIDS because you aren't looking so well.

Mon, 09/22/2014 - 12:53 | 5243482 BudFox2012
BudFox2012's picture

Some of what he says is true.  Most people don't want to take a chance for fear of losing what little they have, or aren't able to see the bigger picture.  And some are just happy with their life as it is.  Of course this could have all been said without sounding like a condescending little prick.

Mon, 09/22/2014 - 12:57 | 5243508 Itchy and Scratchy
Itchy and Scratchy's picture

Not really! I hear lots of twisted guilt ridden socialist drivel eminating from the self serving liberal universities, marxist media & White House ....and they sure sound like condescending little pricks to me!

Mon, 09/22/2014 - 22:10 | 5245726 pgroup
pgroup's picture

If that's true, then Jack Ma IS a condescending little prick. So he would naturally sound like one.

Mon, 09/22/2014 - 12:56 | 5243489 falconflight
falconflight's picture

What is wrong-headed about these four basic tenents?  They could have been written a bit more plain, such as number 2; taking chances and working like a dog to make it work.  Being quite honest to myself, I can see how it applies, if only relatively.

 

Jack Ma: People lose out in life because of these 4 reasons:

  1. Being myopic to opportunity
  2. Looking down on opportunities
  3. Lacking understanding
  4. Failing to act quickly enough
Mon, 09/22/2014 - 12:59 | 5243520 combatsnoopy
combatsnoopy's picture

I think his comment demonstrates a ginormous nievity on his understanding of what used to be the United States of America.   It USED to be a thriving business hub, the boomers hated that so their voting majority killed it off. 

Mon, 09/22/2014 - 13:21 | 5243634 rejected
rejected's picture

LOL

Good thing us boomers are around, otherwise who would you blame? hmmmmmmmm

Mon, 09/22/2014 - 12:57 | 5243502 q99x2
q99x2's picture

A few thousand coal miners would like a word with Ma.

Mon, 09/22/2014 - 12:58 | 5243509 combatsnoopy
combatsnoopy's picture

Difference is that China is open to possibilities where in the US, the red tape enthusiasts blocked everyone out.  Ask the lobbyists for the tech sector. 

Mon, 09/22/2014 - 12:57 | 5243510 therover
therover's picture

Ma tha fucka

Mon, 09/22/2014 - 12:59 | 5243526 Antifederalist
Antifederalist's picture

Easy there tiger.

Time to review the universal truth about pride going before the fall.

Lots of evidence that BABA sells crappy shit that is not as advertised.  May not be the long term business model that today's stock price suggests.

 

 

Mon, 09/22/2014 - 13:13 | 5243581 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

I agree with Ma's core point, which is to take some swings at the pitches while still young.  If you happen to homer early, you'll be granted more at bats.  And with each swing and miss, you learn something.

Just graduate from college and not sure what you want to do?  Take a year or two, work your way around the world.  Make good money teaching English in Japan.  Meet ex-pats from all over the world, most of whom are pretty interesting, for better or worse. Hit SE Asia, Europe, etc.  You'll learn far more and come out much better prepared and focused than if'd you just taken some crap entry-level job.  Your perspective will be broadened, and that is important.

Its the journey that matters, not the arrival at some anticipated destination.

Mon, 09/22/2014 - 13:13 | 5243587 TrustbutVerify
TrustbutVerify's picture

Wow!  Jack Ma delivers a left hook to Obama, Democrats in the US, and other socialists and communists around the world!  Astounding! 

Mon, 09/22/2014 - 13:13 | 5243591 sleigher
sleigher's picture

What am I supposed to feel bad for being born into the wrong family?

Mon, 09/22/2014 - 13:16 | 5243595 Latitude25
Latitude25's picture

I don't use this billionaire/millionaire or any other as a guide on how to live my life and never will.

Mon, 09/22/2014 - 13:57 | 5243809 TrustbutVerify
TrustbutVerify's picture

You don't have to.  But people should take to heart his message.  'Get with it. Do things for yourself. Don't tire in your effort.  waiting for someone else, especially Uncle Sugar, to do something for you will only ruin your life - commandingly proven by so many with ruined lives.'  

This country must be willing to point fingers at those that are lazy and unwilling to participate. 

Mon, 09/22/2014 - 14:43 | 5243999 Vooter
Vooter's picture

Do you actually think that this guy is the first person to espouse this message???

Mon, 09/22/2014 - 13:15 | 5243601 Quaderratic Probing
Quaderratic Probing's picture

This is how the 1% view the 99%

Mon, 09/22/2014 - 13:25 | 5243646 Itchy and Scratchy
Itchy and Scratchy's picture

He was thinkin' this way  looooonnnnnggg before he became a 1%'er! His message is for more to join the 1%!

Mon, 09/22/2014 - 15:46 | 5244229 SocialismIsCancer
SocialismIsCancer's picture

My parents started me out in life as one of the 99%. That was their stupid choice.

My very first thought was that I hated it.

My second thought was that there must be a better way to live and I would do whatever was necessary to EARN it.

And I did EARN it, so now I am proudy one of the 3% who can justifiably preach to the 99% who surround us, who are intellectually lazy and make bad decisions: look in the mirror and you will see the single biggest collection of issues responsible for your situation - NOT those who aplied themselves, made sacrifices, struggled relentlessly, AND MADE SMART CHOICES, eg no breeding in poverty.

Mon, 09/22/2014 - 19:14 | 5245064 Quaderratic Probing
Quaderratic Probing's picture

Had first kid at 19 just to make it harder, sure makes you pay attention to where you need to be. Refused to go on welfare moved 4000 miles to get work. Never without perpetual 5 year plan to increase net worth. Retired now sitting pretty.

My taxes fed two other families along the way. 

 

 

 

 

 

Mon, 09/22/2014 - 13:16 | 5243605 Fix It Again Timmy
Fix It Again Timmy's picture

That's very good for Jack but somebody needs to get Jack off his high horse; I love what I do every day so it's not work and I wouldn't trade it for a billion dollars....I've had painful times when I would have gladly given a trillion dollars just to escape the pain....

Mon, 09/22/2014 - 13:17 | 5243610 falconflight
falconflight's picture

I see first generation US residents 'making it' all around me.  Most are from Asia (Nepal, Pakistan, India, and Arabs) who have their own businesses.  Most Amerikans are indoctrinated and don't have the drive to do anything but expect someone else to provide for them.  Whatever "exceptionalism" used to be associated w/ this country, it doesn't describe most of its denizens. jmo

Mon, 09/22/2014 - 13:24 | 5243611 SocialismIsCancer
SocialismIsCancer's picture

For the many retards commenting here who are allowed to write even though they obviously cannot read or think:

Jack said: "If You're Poor At 35, You Deserve It"

He did NOT say you should be wealthy at age 35, just that if you are still poor by that age, then it is your own fault.

I would agree with that but also add that it may also be your parents' fault if they did not provide proper upbringing, including teaching proper values, how the world works and make your own way in it, AND provide you with a financial/educational/vocational start.

Lastly, the biggest problem that the poor make is breeding when they cannot afford to properly support new even poorer people. This reckless breeding, fueled by entitlement programs, is why the number of "poor" people keeps exploding. the only way to reduce the number of "poor" is to stop subsidizing them and stop them from replicating.

Mon, 09/22/2014 - 13:40 | 5243720 notadouche
notadouche's picture

Harsh realities that most can't admit or wrap their heads around.  Decades of conditioning the youth has led us to where we currently reside.  We tend to only view desperation, despair and discomfort as negative conditions that lead to negative consequences.  Those very conditions have often lead one to achieve greatness as well.  

 Born into abject poverty and abandonment I made a choice not to procreate until I could afford to do so.  I did not want a child to hinder my options nor did I want to bring a child or children into the same world I grew up in.  My other siblings didn't consider any of that and never left, never knew what it felt to not live paycheck to paycheck where one bad break sets you behind and in debt further and further.   Not implying I'm rich or wealthy but compared to where I started out in the world I did well enough to be considered middle class.  Naturally my family thinks I'm rich and for years have viewed me as their backstop with no repayment necessary, because after all, we are family.  

I do get a bit jealous to see many of my peers have grown children, graduating high school and even college while I still have young children, not yet start high school and I don't have enough life left to finish the job.  I'm not that old, just caught a bad break health wise.  The one thing wealth cannot buy is good health, which I realized much too late was even more important than wealth itself.   Wealth, without health is hardly worth it.  That or either I have never attained as much wealth as it takes to compensate for lack of health.   I don't believe that much wealth in the world exist.  In the end you can do many of the "right things" and life still conspires against us all at some point.

Mon, 09/22/2014 - 15:09 | 5244092 Itchy and Scratchy
Itchy and Scratchy's picture

Life is hard and unfair although you don't sound like one who lacks ambition or vision or determination. In that alone you are extremely wealthy!

Mon, 09/22/2014 - 15:09 | 5244085 trader1
trader1's picture

 

what we need to do is the following:

 

  • foster a positive change in the climate, environment, milieu
  • feed, clothe, shelter, and/or educate "the poor" of the world
    • a foundational and higher education reduces reckless breeding, encourages skills development, and offers greater autonomy within one's immediate and extended milieu
Mon, 09/22/2014 - 15:10 | 5244094 Itchy and Scratchy
Itchy and Scratchy's picture

Lol! knock it off! Lol!

Mon, 09/22/2014 - 13:21 | 5243625 falconflight
falconflight's picture

The only shame that a "poor" person should suffer is their lack of commitment to a better life.  If the shoe fits...

Mon, 09/22/2014 - 13:22 | 5243627 Tim Knight from...
Tim Knight from Slope of Hope's picture

This guy may be rich, but God in heaven he's got to be one of the ugliest motherfuckers ever to walk the earth.

Mon, 09/22/2014 - 13:33 | 5243687 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Ugly Jack would pose a real quandary for even the most ardent of gold-diggers.

quan·da·ry ?kwänd(?)r?/ noun noun: quandary; plural noun: quandaries a state of perplexity or uncertainty over what to do in a difficult situation.
Mon, 09/22/2014 - 13:42 | 5243735 edifice
edifice's picture

When you are as wealthy as this guy, looks don't matter, at all. You just buy everything: friends, sex, islands...

Mon, 09/22/2014 - 13:51 | 5243783 Oldrepublic
Oldrepublic's picture

The sociopaths in WDC would not win any beauty contests: e.g. Yellen

Mon, 09/22/2014 - 14:19 | 5243895 Bangalore Equit...
Bangalore Equity Trader's picture

Listen Knight of Slope,

I understand your point. It is exceedingly important that the "RICH" and "SUCCESSFUL" are beautiful people too. Afterall, the little people must be able to "ENVY" the whole package when they watch their USSA Entertainment Tonight show.

A perfect example is your USSA Zuckerburger. "RICH", oh so "HANDSOME"(ooh la la), and bonafide member of tribe. Mosel-toff bitchez!

Mon, 09/22/2014 - 13:22 | 5243629 Itchy and Scratchy
Itchy and Scratchy's picture

Absolutely incredible when you think that this wiley dude was a card carrying little red book marxist back in his teens & now founded & runs one of the top 10 S&P 500 companies! The blathering intellectual elitist Dr.Paul Krugam should be giving Jackie his Nobel Peace Prize in Economics! Good on J.M!

Mon, 09/22/2014 - 13:22 | 5243638 tumblemore
tumblemore's picture

human history is mostly about sociopaths fighting to be at the top and non-sociopaths trying to figure out institutions that would prevent it.

Mon, 09/22/2014 - 13:30 | 5243669 Itchy and Scratchy
Itchy and Scratchy's picture

Only communist history!

Mon, 09/22/2014 - 13:26 | 5243654 crazybob369
crazybob369's picture

Cocksuckers like this is why when the SHTF, the rich are going to be skinned alive. He should take his billions, shut his mouth, and crawl back under whatever rock he crawled out of.

Mon, 09/22/2014 - 13:27 | 5243661 Itchy and Scratchy
Itchy and Scratchy's picture

Spoken like a proud socialist!

Mon, 09/22/2014 - 14:03 | 5243834 crazybob369
crazybob369's picture

No asshole, I'm not a socialist. Just saying that when idiots like this open their mouth and say incredibly stupid things about the poor, they put a target right on their backs, and by extention, on the backs of any of us that even appear to have a couple of gold coins to rub together. Now, go fuck yourself.

Mon, 09/22/2014 - 14:09 | 5243858 Itchy and Scratchy
Itchy and Scratchy's picture

Spoken like a true Marxist!

Mon, 09/22/2014 - 14:27 | 5243933 falconflight
falconflight's picture

The poor didn't get that way because the rich stole from them.  Grow up

Mon, 09/22/2014 - 14:36 | 5243969 Itchy and Scratchy
Itchy and Scratchy's picture

Ha ha ... tha's a good 1 .... you gotta stay away from the socialist liberal wealth redistributor types & their way of thinkin' ...unless yur 1 of 'em!!!!

Mon, 09/22/2014 - 14:43 | 5243993 falconflight
falconflight's picture

It takes a lot of energy to fight off an ideology that seems to have overwhelming support, even if they're used to it being called something like 'fairness.'

Mon, 09/22/2014 - 14:55 | 5244036 Itchy and Scratchy
Itchy and Scratchy's picture

What amazes me is how Amerika has bought into the big government socialist clap trap hook, line & stinker over the past few decades! And BTW life ain't fair  ... nowhere!  Beware of those who try to make it fair - they are the enemy 4 sure!

Mon, 09/22/2014 - 19:08 | 5245047 crazybob369
crazybob369's picture

Where did I say that, moron? Can you read beyond 3rd grade comprehension? I am not disparaging the rich. Most, earned their money through great sacrifices in terms of delayed gratification, etc., and are entitled to the fruits of their labor. None of them got where they are without a certain amount of fortuitousness (luck, for you 3rd graders). Therefore, they should thank God, Buddha, The Great Pumpkin, or whatever deity they worship, and keep their stupid mouths shut about how inept the rest of us are (true though it might be).

Mon, 09/22/2014 - 13:30 | 5243668 RobM1981
RobM1981's picture

It's interesting to note that the average vote is 2.5

Many people take offense at Mr. Ma's opinion.  They have convinced themselves that they are not directly responsible for their own success or failure.  They cling to anecdotes - even made up ones - as facts.

These are the same people who scream "SCIENCE!" without understanding that that actually means.

These are the same people who view celebrities as demigods, without acknowledging that it takes a pretty shallow person to want to be a celebrity in the first place.

They are logically consistent in their illogic, and desparate to prove that "it's NOT my fault - there are forces aligned against me that I simply cannot overcome..."

It would be pitiful, except for the fact that these people vote...

Mon, 09/22/2014 - 13:31 | 5243678 Itchy and Scratchy
Itchy and Scratchy's picture

Amen brother!

Mon, 09/22/2014 - 13:34 | 5243694 p00k1e
p00k1e's picture

It’s the N.W.O. keeping us down. 

Somehow, Obama ‘just’ slipped through too. 

Mon, 09/22/2014 - 13:39 | 5243713 edifice
edifice's picture

"We are all self-made, but only the successful will admit it." --Earl Nightingale

Mon, 09/22/2014 - 14:38 | 5243972 edifice
edifice's picture

P.S., Earl also said that success was not necessarily wealth--it is simply being on-purpose in your life.

Mon, 09/22/2014 - 14:24 | 5243914 FrankieGoesToHo...
FrankieGoesToHollywood's picture

To think one can overcome all external forces is flawed.  Its the same "we are all equal" BS these professors preach. You spewed a bunch of philosopy but failed to look at the real world data.  Not all men (or organisms in general) are created equal or born to an environment which is equal.  If it were, please explain evolution.

Mon, 09/22/2014 - 13:30 | 5243673 seek
seek's picture

When Alibaba flames out and implodes the payback will be epic.

Mon, 09/22/2014 - 13:32 | 5243684 Itchy and Scratchy
Itchy and Scratchy's picture

Ron Paul/Jack Ma in '16!

Mon, 09/22/2014 - 13:32 | 5243685 p00k1e
p00k1e's picture

Jack Ma is now the 29th richest guy in the world.

We ZH'ers must be in the top 4,000,000,000 richest at least.

Mon, 09/22/2014 - 13:34 | 5243695 Itchy and Scratchy
Itchy and Scratchy's picture

Now that's harsh!

Mon, 09/22/2014 - 13:39 | 5243710 TN Jed
TN Jed's picture

Congrats Ma!  See ya in hell buddy.  Enjoy the whatever.

Mon, 09/22/2014 - 15:24 | 5244138 exomike
exomike's picture

Hey now, brother! Ma lives where the strange winds blow... ;-)

Mon, 09/22/2014 - 13:41 | 5243724 Jason T
Jason T's picture

"First to arrive, last to leave" 

 

Utter disaster..  means their output per hour sucks and that's why they needs to be first in and last out.    Not to mention the rest of her "human experience" she misses out on.   

I pity those fools.

Mon, 09/22/2014 - 13:41 | 5243728 slackrabbit
slackrabbit's picture

Jack

Go read Malcom Gladwells Outliers.

On a long enough time line, one of us will be a billionare...

It not 'how could this happen'; its 'how could this Not happen?'

 

Mon, 09/22/2014 - 13:42 | 5243731 Otto Zitte
Otto Zitte's picture

Totally egocentric. Zuckerberg can trump Ma: if you haven't made it by 25, you're a loser.

Mon, 09/22/2014 - 13:42 | 5243734 Oldrepublic
Oldrepublic's picture

Behind every great fortune lies a great crime

 

Honore de Balzac

Mon, 09/22/2014 - 13:53 | 5243790 Itchy and Scratchy
Itchy and Scratchy's picture

'Ya can't soar with the eagles if yur thinkin' like a turkey!'  - ElmerFudd

Mon, 09/22/2014 - 13:45 | 5243746 homiegot
homiegot's picture

Bah! I agree. 

Mon, 09/22/2014 - 13:50 | 5243767 basho
basho's picture

arrogant moron

go f*ck yourself

Mon, 09/22/2014 - 13:55 | 5243769 vyeung
vyeung's picture

he can be cocky all he wants. Lets see how he fares on the global stage.

Will never be a fan of an idiot with loads of $$$. $$$ does not equal wisdom and knowledge. Anyway, his business model is simply a rip off of Ebay and Amazon.

I'm happy for him to make so much $$$, but it does not automatically make him the knowledge master of wealth.

People that are true tech titans are the great Steve Jobs (although I hate apple stuff and believe Jobs has his blind spots, he's non the less proven he's a genius coming back from failure). Great monoplists are Bill Gates, but I'm not a fan of his charity now killing babies with vaccines etc. He's gone globalist now and is in full Satan mode.

Mon, 09/22/2014 - 13:58 | 5243807 Itchy and Scratchy
Itchy and Scratchy's picture

They are all peers. He founded AliBaba at the same time! He is just bigger than both AMZN & EBAY put together and makes piles more $$$ them either of them!

Mon, 09/22/2014 - 13:52 | 5243788 FrankieGoesToHo...
FrankieGoesToHollywood's picture

So everyone on earth can be a billionaire, if they just applied themselves.  Does he not see the flaw in the logic?

Mon, 09/22/2014 - 13:53 | 5243795 Itchy and Scratchy
Itchy and Scratchy's picture

Nope!

Mon, 09/22/2014 - 13:53 | 5243789 Consuelo
Consuelo's picture

"If you don't come to my seminar, you Deserve to be Broke..!!!"

(Pan to a gentleman fanning 5 checks in his hand like playing cards, from buying forclosed properties...)

Tom Vu, infomercial early-mid 1980's.

Mon, 09/22/2014 - 13:56 | 5243801 hotrod
hotrod's picture

When we gonna get a Gangnam style dance video?

Mon, 09/22/2014 - 13:58 | 5243811 Itchy and Scratchy
Itchy and Scratchy's picture

Now yur talkin'!

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