Mr Li Ka-Shing (born 13 June 1928) also known as HK Superman, is considered one of Asia most successful and influential business leader.
As of 31st March 2013, he is considered the world 8th richest man with an estimated wealth of US$31 billion, according to Forbes. He is the ultimate shareholders to Hutchison Whampoa Limited and Cheung Kong Holdings.
The attached youtube video below provides an in-depth looking into Mr Li as a person and his philosophy in life and of course business.
His story was a fairy tale of rag to rich. It talks about his childhood and how he started as a plastic saleperson and eventually starting his first plastic-manufacturing company, Chueng Kong.
From then on, there was no looking back as he transformed from a industrialist to a property magnate and eventually owning port, telecom and making his company one of the most respected Asian company intentionally.
It also details his life philosophy and his philanthropy works.
One can really learn a lot from this great man, and here are some of the key takeaways:
Composure. When the going gets tough, you need to know that you are also up to it. Despite some adversity he faces in his early childhood, he always knows that he can overcome it and he also keep composure and think logically in the most difficult situation.
Hardworking, frugal, willing to learn & building a credible name. This is some of the key attributes that he thinks are the key to success.
Be steadfast and always have a plan. His success is not by chance and he knew since the offset of starting Cheung Kong that he has a vision how big he wants it to grow.
Money is what you pay, value is what you get. Like Buffet, he deeply believes in this. He quoted the example of buying his port berth. It was like paying 1 dollar for something that he knew is worth 2 or 3 dollar more.
The key to investing in a company is that management must be perfect. He quoted in his acquisition of Husky Oil that he comes to realize that in investing, the management is always important.
Short term economic volatility doesn’t scare him. He say he made his biggest investment when the short term economic is poor as he believes that as long as the long term trend and fundamental stay intact (Social harmony, policy, structure), he doesn’t care short term volatility.
Ability to adapt. Mr Li commented that no industry will always prosperous and eventually it will hit a point of saturation so one needs to learn to adapt and explore new areas.
Education and helping others. Mr Li says that he could have joined his friend for fun in his younger days but he was actively striving for knowledge while his peers were wasting their life away. He believes education is important and also helping other is very important too.
Again, I can’t stress more, the video below is an interesting video that everyone should watch. It is definitely a 95min well spent. Have fun watching.
Composure. When the going gets tough, you need to know that you are also up to it. Despite some adversity he faces in his early childhood, he always knows that he can overcome it and he also keep composure and think logically in the most difficult situation.
Hardworking, frugal, willing to learn & building a credible name. This is some of the key attributes that he thinks are the key to success.
Be steadfast and always have a plan. His success is not by chance and he knew since the offset of starting Cheung Kong that he has a vision how big he wants it to grow.
Money is what you pay, value is what you get. Like Buffet, he deeply believes in this. He quoted the example of buying his port berth. It was like paying 1 dollar for something that he knew is worth 2 or 3 dollar more.
The key to investing in a company is that management must be perfect. He quoted in his acquisition of Husky Oil that he comes to realize that in investing, the management is always important.
Short term economic volatility doesn’t scare him. He say he made his biggest investment when the short term economic is poor as he believes that as long as the long term trend and fundamental stay intact (Social harmony, policy, structure), he doesn’t care short term volatility.
Ability to adapt. Mr Li commented that no industry will always prosperous and eventually it will hit a point of saturation so one needs to learn to adapt and explore new areas.
Education and helping others. Mr Li says that he could have joined his friend for fun in his younger days but he was actively striving for knowledge while his peers were wasting their life away. He believes education is important and also helping other is very important too.
Again, I can’t stress more, the video below is an interesting video that everyone should watch. It is definitely a 95min well spent. Have fun watching.
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