Here's to 2024 being the year when the Philippine startup scene has more meaningful positive exits and accelerates capital deployment in breakthrough plays.
Link to the full report here: https://lnkd.in/gm2fFvNh
Thanks to Michael Smith Jr. for sharing and Kevin Brockland, CFA for bringing it into my LinkedIN radar.
#cheerstoanotheryear
The post is certainly super useful food for thought. Korea rose from poverty to be an enormous success story as an economy; the insane hardwork that was required shouldn't surprise anyone.
Munger's assessment was simple--it is very hard competing against people who put in 50% more time per day learning as students and then 100% more time per week working as adults.
But, the comments are even more telling. A lot of people immediately point out that suicide rate is high in Korea and birthrate is also world leading low--that Koreans seem very unhappy.
It is useful for us to accept that both statements about Korea are equally valid. We are best served to embrace both and integrate them as lessons.
What is harmful is to want the second statement to invalidate the first: to deny Korea's rise from poverty post WW2 and the value that has been created for its people and to reject the value of hardwork---by pointing to some very obvious negative trends in Korea today.
It is okay for us in the West to say we aren't interested in studying that hard or working that intensely. That our life is more than that. That is a totally awesome self-awareness and pursuit. And, let's own it without making additional excuses and accept the obvious tradeoff from our choices.
But, we must not go on to then conclude that Koreans (or replace with any other Asian) have made the wrong choice by adopting a culture that values hard work and academic excellence more than anything else. That somehow that manical focus on studying and working will ultimately fail. That their now success is somehow temporary and doesn't lead to long-term competitiveness against the West.
It is okay to choose less work and more balance. But, it is not wise to need our preferred choice to have no consequence--or that our preferred choice be somehow the best choice that leads to superior outcome.
Most of life is about tradeoffs. It would be wise to choose with eyes wide open rather than with delusion.
In my Management: Creativity and Innovation course, I recently completed an intriguing assignment that challenged conventional thinking: creating a "failure" resume. At first, the task seemed daunting. After all, when applying for jobs or meeting new people, we typically showcase our best selves, highlighting achievements rather than setbacks. This assignment, however, pushed me to confront my past failures and extract valuable lessons from them.
Delving into my experiences, I realized my greatest failure taught me several crucial lessons:
1. Embrace the unfamiliar: Don't shy away from trying something different.
2. Courage in discomfort: Step beyond your comfort zone to pursue what you truly deserve.
3. Self-belief: Trust in your abilities and continually work on building your confidence.
4. Persistence: Keep moving forward; the next big opportunity may be just around the corner.
This exercise in vulnerability turned out to be an enlightening journey of self-discovery. It reinforced the idea that our missteps can be powerful catalysts for personal and professional growth when viewed through the right lens.
Not always.
I am a physicist. In my thesis I was working on "Moiré fringes" that many people had touched but nobody had truly thought about. As I saw them on X-ray topographs of SIMOX bicrystals, I was working in "reciprocal space" like everyone else (you don't need to know what that is to get the point of the story). And I could show mathematically that the fringes we studied were related to the integral over the change in reciprocal space.
It took me months (I am not a mathematician, see?) to understand that a spacial integral over reciprocal space yields a straight-forward displacement field. From that day on, we were studying 3D-displacement fields at Angstrom scale and had a fast way to map defects in those new semiconductor materials.
Once the algorithm was there, it was so trivial that I quit the field forever :-).
Mistakes and missteps are important parts of the learning and growth process. Equally important is the ability to recover and let go of mistakes, celebrate the lessons learned, apply what you’ve learned, and move on!
Whose Expectations Are You Receiving?
The person who knows my commandments and keeps, them, that’s who loves me. And the person who loves me will be beloved by my Father, and I will Love him and make myself plain to Him. John 14;21
Here is a quick quiz:
Whose expectations are you trying to meet? A. your friend’s expectations. B. Society’s expectations. C. God’s expectations.
If you're a Christian, the correct answer is C. but if you’re overly concerned with either A or B, you're not alone. Plenty of people invest too much energy trying to meet society’s expectations and too little energy trying to please God. It’s a common behavior, but it’s also a very big mistake.
A better strategy, of course, is to try to please God first. To do so, you must prioritize your day according to God’s commandments, and you must seek His will and His wisdom in all matters. Are you having trouble choosing between God’s priorities and society’s priorities? If so, turn your concerns over to God- prayerful, earnestly, and often.
Then, listen for His answer…. and trust the answer He gives. Partnering with God is the greatest decision you will ever make.
https://lnkd.in/gPY__qFu
What can you learn from one of the greatest people who ever lived and ended up with a networth of $1 billion dollars?
Watch this video to discover the secret to transforming your whole life through the magic ingredient.
#GPAC#Peace#Prosperity#SpiritualPower#FinancialSuccess
Excellence is in the details. From the moment you wake up to your initial interactions with your team, it's crucial to ask yourself, "Am I doing this well? Patton Deischer breaks down where he believes excellence starts in our series, 7 Days of Excellence.
Watch this short film. Pollution, mostly caused by cars, causes 40,000 deaths a year and costs the NHS millions. Short journeys can be done in other ways.
Why are we accepting of car fumes in a way we don't accept dangerous fumes from smoking?
Why do we accept that 500 deaths a year from cars hitting pedestrians is "an accident" that no one can prevent? The world is designed around cars first, people second... what if it wasn't? What if we designed roads for children to ride bikes and people to walk and talk? What if there were trees and plants in place of cars?
Andy WestMinna EiiLucy VanesAngela WillisCharlotte AdamsSamantha HolmesLorna SankeyJessie FrostAlison Watson MBE
Founder & Managing Partner of Indelible Ventures
10moPhilippines will be one of our priority markets in 2024. I plan to come out to Manila soon. We will have to connect then