Money and Finance
Link to video: Crocodile in the Yangtze - Story of Alibaba & Jack Ma
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- Links
Grant's Interest Rate Observer - February 28, 2003: Emulate Henry Singleton (LINK) Related link [H/T Bill]: Leon Cooperman's presentation on Henry SingletonIs There a Next Jack Bogle? Not If You Ask Jack Bogle (LINK) Video:...
- Review Of Guy Spier's "the Education Of A Value Investor"
A quick review of Guy Spier's excellent book, The Education of a Value Investor, which I just submitted on Amazon as well.This book is about Guy's personal journey -- the good and the bad. As others have written about the book, he's extremely...
- Opalesque.tv Interviews Jack Schwager
Link to interview: Schwager sums up key lessons of Market Wizards series, starts global search for ‘undiscovered traders'In this Opalesque.TV video interview, we interview bestselling author Jack Schwager on his most recent book, "The Little Book...
- Mother Lion Takes On Deadly Crocodile To Give Cubs Safe Swim Across River
Found via Naked Capitalism. Link to: Mother lion takes on deadly crocodile to give cubs safe swim across river ...
- The Profit Gets To The Heart Of What Matters In Business
For busy people there is not much time to sit around and watch TV. On the plus side, there is not much on TV that's worth watching! One happy exception is CNBC's "The Profit." The lessons that are packed into this one hour show combine to give...
Money and Finance
Crocodile in the Yangtze - Story of Alibaba & Jack Ma (Full Documentary)
“eBay may be a shark in the ocean, but I am a crocodile in the Yangtze River. If we fight in the ocean, we lose—but if we fight in the river, we win.” -Jack Ma
Link to video: Crocodile in the Yangtze - Story of Alibaba & Jack Ma
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The Jack Ma quote above also reminded me of a couple of quotes from Charlie Munger about the domination of a niche leading to good economics, and that positive reinforcement then leading to advantages of scale:
Just as in an ecosystem, people who narrowly specialize can get terribly good at occupying some little niche. Just as animals flourish in niches, similarly, people who specialize in the business world—and get very good because they specialize—frequently find good economics that they wouldn't get any other way.
And once we get into microeconomics, we get into the concept of advantages of scale. Now we're getting closer to investment analysis—because in terms of which businesses succeed and which businesses fail, advantages of scale are ungodly important.
- Links
Grant's Interest Rate Observer - February 28, 2003: Emulate Henry Singleton (LINK) Related link [H/T Bill]: Leon Cooperman's presentation on Henry SingletonIs There a Next Jack Bogle? Not If You Ask Jack Bogle (LINK) Video:...
- Review Of Guy Spier's "the Education Of A Value Investor"
A quick review of Guy Spier's excellent book, The Education of a Value Investor, which I just submitted on Amazon as well.This book is about Guy's personal journey -- the good and the bad. As others have written about the book, he's extremely...
- Opalesque.tv Interviews Jack Schwager
Link to interview: Schwager sums up key lessons of Market Wizards series, starts global search for ‘undiscovered traders'In this Opalesque.TV video interview, we interview bestselling author Jack Schwager on his most recent book, "The Little Book...
- Mother Lion Takes On Deadly Crocodile To Give Cubs Safe Swim Across River
Found via Naked Capitalism. Link to: Mother lion takes on deadly crocodile to give cubs safe swim across river ...
- The Profit Gets To The Heart Of What Matters In Business
For busy people there is not much time to sit around and watch TV. On the plus side, there is not much on TV that's worth watching! One happy exception is CNBC's "The Profit." The lessons that are packed into this one hour show combine to give...