Monday, September 22, 2014

Jack Ma: If You're Poor At 35, You Deserve It

By Zach Ho

You are poor because you have no ambition.
Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.
There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.
Jack Ma founding members
When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this:  “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before. 
As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”
jack ma serious
Jack Ma: People lose out in life because of these 4 reasons:
  1. Being myopic to opportunity
  2. Looking down on opportunities
  3. Lacking understanding
  4. Failing to act quickly enough
(via Zero Hedge)


  1. The problem with technocrats with the self-help mentality is that they don't really understand the game and end up like Peter Thiel (at the very best end of the spectrum) with an invite to Bildeberg, but a company used for surveillance, promoting inflation and usury, and siding with the cheap labor business community lobby, while preaching some otherwise fine talking points here and there.

    What's puzzling him is the nature of the game...

  2. For every Jack Ma, there are thousands (tens of thousands, or even millions) of failures. It's always amusing when the one in ten thousand tells the rest of us to just "beeeeliiiiieeeeveeee". We used to call that Bolie-ing from the Twilight Zone episode The Big, Tall Wish.

    Certainly, you have to try to be successful, but a lot of things have to come together for you to be a mega-success.