Aloysius Chan's Blog

Review: How to be everything doesn’t teach you to be everything but understanding why someone does everything. Very insightful book to learn different way someone can be multi-talent and how to maximise their potential. Rated: 9/10 Classifications: Multipotentialite: someone with many interests and creative pursuits Polymath: someone who knows alot about many different things or a person of encyclopedic learning Renaissance person: a person who is interested in and knows a lot about everything Jack-of-all-trades: a person who can do passable work at various tasks; a handy, versatile person Generalist: one whose skills, interests, or habits are varied or unspecialised Scanner: someone with intense curiosity about numerous unrelated subjects Puttylike: able to embody different identities and perform a variety of tasks gracefully Multipotentiaialite superpowers: Idea synthesis Rapid learning Adaptability Big-picture thinking Relating and translating Work model: The group hug approach: hav...

Why does a fish bite on an inedible spinner? Fish: “The last thing I ate was moving. It was good. This thing is moving. It must be good.” You: “The last stock I bought was rising. It was good. This stock is rising. It must be good.” Even if 10,000 investors have heard the news ahead of you, it may still prove profitable to you if 10 million investors are going to hear it and act on it after you Wildcatting: a practice instituted by the Securities and Exchange Commission (SEC) that calls for the review of an entire industry whenever critical problems are found within one or two companies in that industry Interest rates can go down because of: Over discounts and the advantage of buying now rather than later The above advantage reduced by the rate of inflation of deterioration in the outlook for profits A stock will grow when: Reinvesting earnings Investing borrowed money Acquiring other company Increasing sales without having to increase invested capital Discoveries of natural resources ...

This book focuses more on mass customers instead of high-value customers, it consists of many examples on how game companies made their name. I find it has lack of actual methods to seek and induce high-value customers. Rated: 7/10 Important success factors: The Internet, presentation like Apple, algorithm like Amazon We moved from “is it available” to “how much does it cost?” Jeff Bezos: “if you can’t feed a team of people with two pizzas, it’s too large.”