Dajia Picks

Is it really technology that consumes the most time? No—it's conflicts of interest between people.

Does the speed at which you write your drafts determine how quickly your proposal gets approved? No—it's how many times it gets sent back for revisions. With weak technical skills, you might need three drafts before approval; with strong ones, you could produce ten drafts in the time it once took to write one. But guess what—they'll still make you go through thirty rounds.

You're talented. If the macro environment changes, you'll gain tremendous benefits. If it stays the same, your other choices will still bring you huge gains.

If you're not talented, when the macro environment remains unchanged, you have no future. And when the environment does shift, you'll be replaced, leaving you with even less future.

For every decision, the purpose is what matters most.

The goal of investing is to buy low and sell high, but if your objective is to lock in something else, you might not mind paying a higher price.

Take real estate, for example: some are willing to buy at a premium because they value the neighbors, while others buy low with the intention of flipping it later for a profit.

Your purpose determines the level of effort and cost you're willing to invest.

Tesla single-handedly pushed the global transition to electric vehicles—by hyping up novel, flashy concepts to attract young buyers, then aggressively slashing prices to seize market share. The industry leaders quoted in the article have largely signaled that they aim to complete their electrification transitions by 2030, driven largely by how enticing the Chinese market has become.

The Coronation of New Energy: The Swan Song of Internal Combustion Engines