1% the progress of
assumes that every day, there will be 120 times a year, a lot of amazing compounding effect than expected. The pursuit of interest return, have one thing kept along the persistent effect. If you often change, it is difficult to have a compounding effect of persistent. The compounding effect requires a very long time.
Morningside is a group of what kind of people?
Morningside is a group of what kind of people? In essence, we are a group of very simple people, the cause of their own have a passion from the heart. From the proceeds, we do because of the cause of love to give up short-term profits, adhere to the long-term effects of compound interest. I think we can do today, we can not do without the principle of ten thousand hours, which is essential to the success of any thing, must have enough time to accumulate, in order to achieve some success. Why do we do things or a personal achievement to meet the principle of ten thousand hours? Which implied the investment philosophy an important principle of the compounding effect. What is the compounding effect? 1% progress assumption every day, there will be 120 times a year, a lot of amazing compounding effect than expected. The pursuit of interest return, have one thing kept along the persistent effect. If you often change, it is difficult to have a compounding effect of persistent. The compounding effect requires a very long time.
this is when I just joined the Morningside did not want to be so clear, in fact, inadvertently or career development career in a step by step firm and chose this road. Colleagues to join in the work of the Morningside have a long time, I would like to stay here, or to adhere to the long-term future dry, I believe that a group of very simple people. Their simplicity is the passion for what they do, the work of passion, not the slave of money. This is the first point I’d like to introduce Morningside.
I think VC and entrepreneurship are two sides of a coin. I wrote a passage on micro-blog: "this is the business, the vast majority of people deliberately chose not to leave a few people the opportunity to." I looked at a lot of entrepreneurs, what is the real business? What are the motives of real entrepreneurs?. Each of us has the advantage of instinct, with revenue system, namely the pursuit of high salary and comfortable space, risk aversion, uncertainty is not love. For all the unpleasant things, our instinct is to avoid. The vast majority of people’s income system is the pursuit of comfortable space, the pursuit of a good working environment, the pursuit of shortcuts, which is why we are willing to consult companies and investment banks. We went back to China two years ago to donate a scholarship and found that the tuition is too expensive, the students here may have a lot of debt back, so I had to be lured by short-term high income jobs. To donate a scholarship is hoping to break this point, we are willing to get scholarships to people with passion. But my own experience has found that many entrepreneurs are highly risky, uncertain and uncomfortable