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Li Ka-Shing teaches you how to buy a car and house in 5 years

therealsingapore.com

51–60 of 82 posts

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#52
post #14
post #3

So: 1. don't be unemployed or under-employed (he clearly says it is your fault if so) 2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare? This sounds a bit like McDonald's financial advice to their employees http://www.nbcnews.com/business/personal-finance/mcdonalds-f... btw, this guy made his money by buying cheap real-estate and got lucky when prices went up: http://en.wi…

HK has one of the best public healthcare systems in the world (modelled after the NHS before handover, and benefiting from HK's prosperity after), and as a result does extremely well in infant mortality and life expectancy metrics.

There are both pros and cons. HK healthcare system is quite affordable but has long lines. They optimize for the cheapest effective medication rather than the best healthcare you can offer.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#53
post #5
post #4

"Always remember to buy lunch for people who are richer than you" I have spotted a conflict of interest here.

Not to mention his ultimate paradox of spending money on others when you are poor and spend money on yourself when you are rich.

That is actually excellent advice.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#54
post #49

I find it fascinating that that the consensus among the responses in this thread seems to be somewhere between Li Ka-Shing being a hypocrite, that buying food for people richer than you is crazy, that his advice is useless, etc. Sure, there are cultural incongruities. Americans don't understand buying lunch for your superiors, and the advice to beat yourself up if you fail to see progress is directly opposed to the "…

Where I work you cannot gift your superiors and lunches are a gift. You can gift downward.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#55
post #29
post #25

Earlier quoted context omitted.

This is actually great to hear. Now why doesn't the US, sigh.

US has reasonably good system IMHO just a little bit expensive.

I choose to believe that you are a master of sarcasm.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#57
post #3

So: 1. don't be unemployed or under-employed (he clearly says it is your fault if so) 2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare? This sounds a bit like McDonald's financial advice to their employees http://www.nbcnews.com/business/personal-finance/mcdonalds-f... btw, this guy made his money by buying cheap real-estate and got lucky when prices went up: http://en.wi…

I actually first saw this article on reddit, and someone posted the following http://www.reddit.com/r/Entrepreneur/comments/1y6xqr/hong_ko... >Li Ka-shing is an impressive man, and he drops some good wisdom here. I certainly don't want to knock it. But here's how you become Li Ka-shing: show up in the middle of a war zone with a little cash, a lot of ambition and no scruples. Smuggle supplies for both sides, at a maj…

This is true, I live in Hong Kong. It's easy to find yourself in an apartment, internet/phone, electricity provided by LKS. Then you go downstairs to the shopping centre that's part of your apartment and the food store, the pharmacy and the shopping centre itself are also owned by LKS.

Hong Kong, is owned by a bunch of families, it's as far from a free market and is more like a capitalist aristocracy.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#58
post #49

I find it fascinating that that the consensus among the responses in this thread seems to be somewhere between Li Ka-Shing being a hypocrite, that buying food for people richer than you is crazy, that his advice is useless, etc. Sure, there are cultural incongruities. Americans don't understand buying lunch for your superiors, and the advice to beat yourself up if you fail to see progress is directly opposed to the "…

You completely misunderstand the "Curse of the Gifted".

The point of that article was that hustle will only take you so far, and after that point real engineering projects require design and process, least of all because you need to interact with other people. Write software on a team, work on a large project, and you'll understand this better.

The things espoused by this guy are more a function of good luck and parasitism than hustle--do not mistake one for the other.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#59
post #49

I find it fascinating that that the consensus among the responses in this thread seems to be somewhere between Li Ka-Shing being a hypocrite, that buying food for people richer than you is crazy, that his advice is useless, etc. Sure, there are cultural incongruities. Americans don't understand buying lunch for your superiors, and the advice to beat yourself up if you fail to see progress is directly opposed to the "…

Where I work you cannot gift your superiors and lunches are a gift. You can gift downward.

>Where I work you cannot gift your superiors

You'd be surprised. There are lots of things an inventive employee can do. Official rules aren't everything.

Re: Li Ka-Shing teaches you how to buy a car and house in 5 years

#60
post #49

I find it fascinating that that the consensus among the responses in this thread seems to be somewhere between Li Ka-Shing being a hypocrite, that buying food for people richer than you is crazy, that his advice is useless, etc. Sure, there are cultural incongruities. Americans don't understand buying lunch for your superiors, and the advice to beat yourself up if you fail to see progress is directly opposed to the "…

You completely misunderstand the "Curse of the Gifted". The point of that article was that hustle will only take you so far , and after that point real engineering projects require design and process, least of all because you need to interact with other people. Write software on a team, work on a large project, and you'll understand this better. The things espoused by this guy are more a function of good luck and par…

You're right, I did slightly misinterpret the post. I've removed it and supported my argument in a different way.

Also I don't appreciate the implication that I don't write software on a team for a large project, because I do.

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