Chap 5 The Ticking Clock - Fangyi & Yas by Elizabeth Tang

树欲静而风不止, 子欲养而亲不待

asquarey — 2024-10-17 09:19:05 UTC

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

Investing for future happiness

asquarey — 2024-10-17 09:21:30 UTC

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

Meet Steve

asquarey — 2024-10-17 09:28:03 UTC

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

asquarey — 2024-10-17 09:29:31 UTC

asquarey — 2024-10-17 09:31:04 UTC

asquarey — 2024-10-17 09:51:28 UTC

Language Dancing

asquarey — 2024-10-17 10:03:10 UTC

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

Beyond parenting

asquarey — 2024-10-17 10:06:44 UTC

"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

Invest in relationships long before you need them

asquarey — 2024-10-17 10:07:19 UTC

Do not wait until it is too late

asquarey — 2024-10-17 10:09:03 UTC

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

asquarey — 2024-10-17 10:12:00 UTC

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.

asquarey — 2024-10-17 10:24:13 UTC

My conversation with my mom 4 weeks ago...

asquarey — 2024-10-17 10:28:49 UTC

asquarey — 2024-10-17 14:05:29 UTC

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

What I want to change

asquarey — 2024-10-17 14:53:49 UTC

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.

asquarey — 2024-10-17 15:56:53 UTC

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

Failure of Iridium Satellite Network

2024-10-20 16:25:19 UTC

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

The Ticking Clock

2024-10-20 16:32:09 UTC

Theories of Investment
Link to Relationships

Theory of Good & Bad Capital

2024-10-20 18:25:14 UTC

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

When Investors Fail to Abide by the Theory

2024-10-20 18:35:38 UTC

Most frequent offenders:
- Big investors
- Successful existing businesses

Investor doesn't invest in next business while original business is strong
When original business stalls, next business isn't ready
Investor insists that any business he invests in must become very big, very fast --> Disaster

Insight: Profit > Growth in Friendships

2024-10-22 18:09:26 UTC

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