Seasoned fund managers, selected by the following criteria:
Having served as a fund manager for more than five years, with an annualized return greater than 15%, and having worked at their current fund company for at least three years.
There’s a particular danger when someone reaches their previous goal—they can easily become complacent.
At that moment, you have to elevate your mindset and set an even higher dream. If you made 100,000 a month before, now you need to build a business that earns 500,000 a month. In three years, aim for 5 million a month.
Money is the ultimate personal KPI.
It’ll only make him, when he’s older, take on risks he can’t afford.
Everyone has different circumstances, and so their responsibilities naturally differ. Some people do well just by not wasting money, while others are truly expected to carry the weight of lifting their family into a higher social class.
Making money always means targeting those below you — you'll never earn money from someone who has more than you. You should never compete on professionalism with experts. Instead, compete on professionalism against amateurs, and only then can you make money by teaching them.
Your positioning is never about out-professionalizing others. Turn around and face the market: look at how vast China is, how many amateurs need education and want to learn from you. That's where the money is.