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"When you are 50 to 60 years old, spend time training and developing young people, the next generation," Ma added. "When you are over 60 years old, you better s
by mv4 8y ago
"When you are 50 to 60 years old, spend time training and developing young people, the next generation," Ma added. "When you are over 60 years old, you better stay with your grandchildren."
https://www.cnbc.com/2018/01/30/jack-ma-dont-fear-making-mistakes-in-your-20s-and-30s.html https://www.cnbc.com/2018/01/30/jack-ma-dont-fear-making-mis...
- libertine 8y agoI actually believe this - he is fulfilling his vision of the stages in life. Sometimes there are no smokes and mirrors.
- flippyhead 8y agoI do too, but also, just wait; he may get bored.
- eip 8y ago>Sometimes there are no smokes and mirrors. This is hilariously ironic considering Alibaba is almost 100% smoke and mirrors.
- fegul 8y agoHow so?
- akaij 8y agoI think they are referring to Alibaba (allegedly) being a front for the Chinese Communist Party to launder money.
- eip 8y ago"Hey, from the latest 20-F (page 118) we know that you've created about 600 new legal entities over the last two years under your "Enhancement" program, getting more friends, family and political cronies involved in the dilution of the Capital Structure. So, I guess my question is "how long is this bullshit going to go on?"" https://deep-throat-ipo.blogspot.com/2018/08/the-calland-open-letter-to-securities.html https://deep-throat-ipo.blogspot.com/2018/08/the-calland-ope...
- eip 8y ago"Alibaba Management is somehow increasing the length and content of their 20-F's, yet, incredibly, they seem to disclose and communicate an even smaller snippet of "meaningful" financial information every year. In fact, there's no longer any doubt in my mind, that they actually go out of their way to deliver ever larger bales of content-free financial silliness. They are not "unfamiliar with Western Financial Reporting Conventions" or doing things "the way they do it in China" as some pundits would have us believe. Math is math no matter where you are on the planet. Gravity is the same whether you are in London, New York or Beijing. Alibaba Managers are in fact masters of manipulation, bending the truth brilliantly to suit their needs. Perhaps they are banking on the premise that nobody actually reads their filings/drivel anyway? (The SEC staff doesn't seem all that concerned!)" "If, by some strange, impossible happenstance, I'm completely, totally wrong.... and Alibaba isn't actually the tip of the spear for the CCP's full frontal assault on the Western Financial System, the only other conclusion I can possibly come to is that Alibaba the goofiest, most convoluted, opaque, mis-managed accounting mess and business structure in history. That, unfortunately, is the "best case" scenario." "Yet, Alibaba (BABA) continues to trade higher as increasing numbers of shares find their way into US Financial/Custodial Institutions. Because its value, like the RMB, at least for a time, is pegged/driven by the CCP through off-shore mechanisms, the risk of collapse grows larger by the day. At some point it all has to come tumbling down. But when? That's the immediate, multi-trillion-dollar question." https://deep-throat-ipo.blogspot.com/2018/08/the-baba-20-ffinancial-comedy-gold.html https://deep-throat-ipo.blogspot.com/2018/08/the-baba-20-ffi...
- bitL 8y ago"I was offered retirement, or a choice between me not getting old to see my grandkids growing up or my grandkids never to see me as I will be getting old." -- for those geeks that can't translate it to the language of power; pick one of those choices depending on how much faith you have in those in power. Do you truly think Ma is not considering Alibaba his dearest child?
- jondiggsit 8y agoThere's a generation of American businessmen that should take this advice.