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1. Theories of Investment

2. Link to Relationships

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Each call sent from mobile to satellite and then a satellite which can reach the intended recipient

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Investors' goals:

1. Growth

2. Profitability

93% of eventually successful businesses had to change their initial strategy

Before viable strategy found: patient for growth + impatient for profit

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When Investors Fail to Abide by the Theory

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When Investors Fail to Abide by the Theory

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Most frequent offenders:

Big investors

Successful existing businesses

1. Investor doesn't invest in next business while original business is strong

2. When original business stalls, next business isn't ready

3. Investor insists that any business he invests in must become very big, very fast --> Disaster

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Bad money approach in our lives

Highly invested in our jobs

Sacrifice leisure time with loved ones for the sake of work

Result: Weakened friendships, broken marriages, and distant children

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Has his own business ✅

Divorced ❌

Has no friends ❌

Long term neglect and meager time he spent with loved ones caused people to no longer feel close to him

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Youths: Believe that life can be sequenced -> Work hard now, and focus on loved ones later

Parenting: Focus on their career when their children are young, and interact more later

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Definition: Engaging in rich, chatty conversations with children, similar to how you would converse with an adult

More effective than simple directives

Encourages the child to think more deeply about their experiences, fostering better cognitive development

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Cognitive ability independent of parents' income, ethnicity, or education level -> JUST TALK MORE AND TALK IN THE RIGHT WAY

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"I'll focus on my relationships later" = I would not have any relationships left to mend

Once certain connections are lost, they may be irretrievable

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Invest in relationships long before you need them

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Invest in relationships long before you need them

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Meaningful friendships with a few people > Superficial friendships with many people

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Insight: Fallacy of sequencing and the importance of investing in relationships early

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Insight: Fallacy of sequencing and the importance of investing in relationships early

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1. People can choose to leave

2. Even if people don't leave, time has been lost when we decide to invest in relationships late

Parents can grow old

Spouse can grow busy

Children can grow up

If we want any relationship to last, we must constantly put effort into maintaining them.

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My conversation with my mom 4 weeks ago...

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My conversation with my mom 4 weeks ago...

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In our pursuit of success, we may forget the importance of spending quality time with them. I hope to reevaluate my priorities and spend more time with my family.

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 树欲静而风不止, 子欲养而亲不待

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 树欲静而风不止, 子欲养而亲不待

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Direct Translation: The tree desires stillness but the wind will not cease; the son feels regret for not being able to serve his parents in their old age

Interpretation: Do not wait until it is too late to spend time with your parents