The most important thing for a nation is to have outstanding entrepreneurs from generation to generation
I remember Jack Ma once said boldly to the media: “This is the era of the Internet, and it no longer belongs to Li Ka-shing.” Although Li Ka-shing did not respond directly, he said that if he saw successful Chinese entrepreneurs, he would only applaud them in his heart.
Author: GUDORDI | 2023-07-05
Jack Ma once said boldly to the media: “This is the era of the Internet, and it no longer belongs to Li Ka-shing.” (Asia News Agency)
Continuing from the previous article: ” How do financial markets ignore the whims of those who are ignorant of current affairs?”〉
When I see successful Chinese entrepreneurs, I just applaud and cheer for them.
──Li Ka-shing
The author believes that the above-mentioned remarks about Buffett and Charlie Munger are worth pondering. But in fact, they were only the first half of the two people’s responses that day. The second half is more thought-provoking and may also bring enlightenment to the issue of how Hong Kong develops its financial center career, so I will continue to quote the two people’s words in this article.
Warren and I will only do easy things
Above, the author mentioned that Charlie Munger once said, “If he (Musk) had not tried to pursue some unreasonably extreme goals, he would not have been able to achieve what he has accomplished so far in his life, and he seems to We like to do things that are impossible. But we are very different from him… Warren and I will only find things that are easy to do.”
Buffett smiled and said, “Yes, we always do things that are easiest to do. If something can be done just by buying a ticket, then I will just buy a ticket…” (we always do the easiest things.. if this is a case of just buy and go; then I will just buy and go…)
Charlie Munger jumped in and said: “We don’t want to see so many failures…”
What Musk wants to do occupies his entire life
Buffett paused for a while, and then slowly spoke out his deeper thoughts: “From a certain perspective, what Musk wants to do will occupy his entire life… But Charlie and I have always wanted to find something.” “In a way, what Elon does take on his whole life… but I and Charlie just want to do the simple things…”
Buffett further added: “What Elon did require, I am not sure if this is the right word, a kind of fanaticism…)
Charlie Munger then interjected: “Fanatical sentiment is the right word.” (This is the right word.)
“But fanaticism is a strong word…” Buffett continued: “Musk has accomplished many very important things, but to achieve his impossible things requires complete and absolute devotion… For us, it’s almost torture. I like my current life, but Musk seems to be very happy to do what he does. If I had to live my life, I believe he wouldn’t like it either.” been important things done by Elon…it requires total dedication to solve the impossible…to me and Charlie, that will be tortuous…I just want to live the way I live. But Elon probably likes doing the things he does and he probably would not be happy putting on my shoes.)
At the same time, Buffett also emphasized that “in many areas, we really have no intention to compete with him.” (But we don’t want to compete with Elon on a lot of things.)
When Buffett and Charlie Munger spoke above, I believe they spoke their true words after careful consideration, right? Their views are undoubtedly valid and worth pondering. However, somehow, the author always feels that we still cannot make a final conclusion on this issue. Buffett and Charlie Munger’s public speeches at shareholder meetings may not really represent all of their true inner views. After all, it is not an easy thing to be led to comment on a popular “competitor” in public…
Looking deeper, I suspect that Buffett and Charlie Munger may not have any disapproval of Musk, or even have some admiration for Musk… The bad blood between the three is, to a certain extent, caused by the media and Forced out by the public. But what they do may just reflect the desire that the general public has in their hearts. What can we say about this?
Li Ka-shing once responded to Ma Yun’s bold words that he would applaud outstanding Chinese entrepreneurs. (Asian News Agency)
The most important thing for a nation is to have outstanding entrepreneurs from generation to generation
After considering this, perhaps we will agree that Mr. Li Ka-shing’s words quoted at the beginning of this article are very magnanimous and wise. I remember Jack Ma once said boldly to the media: “This is the era of the Internet, and it no longer belongs to Li Ka-shing…” Jack Ma once said something similar, that is, the era of the four major families has passed. If Alibaba is listed in Hong Kong, its The market value should be larger than the companies of the four major families in Hong Kong combined.
For such a topic, the media will naturally not let it go. I remember a reporter once asked Mr. Li Ka-shing what he thought of Jack Ma’s point of view. As far as I can remember, Li Ka-shing did not respond directly at the time, but only said something similar: I am very happy to see a new generation of entrepreneurs emerge in the country. In a subsequent interview believed to be from Qing Bao, Li Ka-shing mentioned: “The most important thing for a nation is to have outstanding entrepreneurs from generation to generation”, and “when I see successful Chinese entrepreneurs, I just feel… I will applaud them.”
This means that Li Ka-shing does not look at things at the level of ordinary people, but looks at relevant issues from a much higher perspective. After hearing his answer, I believe there is no need to follow up on the reporter’s previous question. The author believes that this also brings a revelation. If we can try to look at it from a higher perspective, many superficial problems and contradictions may become less important, or even be transformed into benign motivation.
We might try to look at the problem using “first principles”
We can also look at the issue of Hong Kong’s financial center business from this perspective. In fact, the future of Hong Kong as an international financial center is extremely controversial. There are many challenges that can be mentioned casually. However, we do not necessarily have to stay at the mainstream perspective to view relevant issues. We can also quote the “first principles” that Musk often recommends. Ask more basic questions, such as what exactly does an international financial center need most? Does Hong Kong have the necessary cultural genes to become an international financial center? I will talk about it again.
“Hong Kong’s Legendary Future” Series 34
Contact the author: Gudordi@proton.me
