Dajia Picks

Consumption expectations are deteriorating, investment outlooks are weakening, everyone’s busy paying down debt and cutting unnecessary spending, leading to poor cash flow and very little willingness to spend.

Demand for essentials won’t change much, but many non-essential expenses will be cut back.

In this environment, essential businesses that generate cash flow are good businesses. In upswings, only those that can leverage debt to boost profits are truly great ventures.

The first thing you should learn after getting rich is:

To pay for what you want. Once you grasp this, your money can actually work for you. If you have money but refuse to spend it, then being rich is no different from being broke.

You'll save a lot of unnecessary hidden costs.

Cultural clashes at work: agree to evolve together, not to purge differences