Jack Ma once said, 'When Selling to close friends and family, no matter how much you're selling to them, they will always feel you're earning their money, no matter how cheap you sell to them, they still wouldn't appreciate it.'
There will always be people who do not care about your Costs, Time, Effort, they rather let other people cheat them, allowing others to earn, then supporting someone they know. Cause in their heart, they will always be thinking, 'How much did he earn from me?' instead of "How much did he SAVE/MAKE for me?"
This is a classic example of a poor person's mentality!
Jack Ma on Sales: 'When doing Sales, the first people who will trust you will be Strangers, Friends will be shielding against you, fair-weather friends will distance from you. Family will look down upon you.'
The day you finally succeed, paying the bill for every get-together dinner, entertainment, you will realised: Everyone else is present except the Strangers.
Scott Bessent helped George Soros make roughly $3.5 billion on the Abenomics trade from 2012 to 2015 - but says the real edge in macro investing is much simpler: “we study history, we observe the present, and try to imagine the future”
this is him explaining why macro isn’t really about predicting every economic number. Bessent looks for regime changes, policy mistakes and situations where the market is pricing one outcome while the range of possible outcomes is much wider
Bessent says he doesn’t even use a Bloomberg terminal and instead looks through around 270 charts every night - searching for anomalies, things that are changing, or something in the market that simply looks unsustainable
full interview below
@chickengenius Thanks Ken, I would love and appreciate you if I were to able to learn from you face to face about all these knowledge I love to learn to fish rather than being handed fish but that’s okay if you’re already retired from teachings.
Thanks again for all the selfless sharing