How Li Ka-shing has become a long-lasting tumbler of business

Many Hong Kong bosses and management staff were not willing to take up new technology and new things when they were 40 or 50 years old, so the company began to age, lacked competitiveness, and finally ended up selling or closing.

This is not a question of who is right or wrong, it is a matter of personal philosophy. Li Ka-shing, 85 years old, still works 5 and a half days a week, and his life's pleasures and contentment come from his work and watching the expansion of the group. In some people's eyes, Li Ka-shing is very boring and stupid, do not know how to enjoy life, all the people in the world have, as long as they feel happy, is the world good season.

From an investor's point of view, the way in which Li Ka-shing governs his group, crisis management and personal integrity, is worth noting.

I believe that Li Ka-shing, the most influential elderly person in Hong Kong, is not opposed to the "interview", which is widely concerned and talked about by the local people. The Times make heroes, but the enduring hero must be maintained on his own, Li Ka-shing is the business of the long-lasting Tumbler.

Even the critics of Li Ka-shing have to admit that Li Ka-shing is a very successful businessman, a strive "lifelong student" who is worthy of the company's managers to learn the successful people.

Li Ka-shing handles crisis with a cure

Management must have a sense of crisis, regularly do stress tests, identify possible risks, and identify the risks in those areas and ways to deal with the risks. Effective management of risk, so that the company in an invincible position, it succeeded half.

Interviews quoted people familiar with Li Ka-shing said that Li Ka-shing's sense of crisis is very strong, he always in the heart to create the company's adversity, keep asking themselves questions, and then come up with solutions to the problem. Even if the argument is exaggerated (because people with a sense of crisis tend to be extremely conservative), the people of Hong Kong cannot deny that in the past more than 30 years, no matter how different crises have erupted in Hong Kong or elsewhere, Li Ka-shing has been able to lead the group safely through the crisis.

Li Ka-shing's approach to prevention and treatment of crises has a macroscopic and microscopic side. On the macro level, he only chooses local investment with the rule of law and fair policy. On the micro side, he has been very careful with debt and loan issues.

Do not make the best of the principle

According to market rumors, Li Ka-shing year, as the majority of business people, have direct participation in stock and futures trading. He understood that the risk of using high "margin" speculation in stocks and futures was extremely high, and that the use of such speculative experience and knowledge in the property development industry, which needed to borrow and operate, was no stranger to managing risks and dealing with crises. It is also the principle of his operation not to earn the way of Li Ka-shing's handling of risks.

He said that when he first started a foreigner business, he set a cost increase of 25% and said that 25% was his target profit, which is different from the popular speculation in the financial and commodity futures markets, "Let the profits roll naturally". Li Ka-shing's approach is "content", the market's popular subjective idea is "try to earn".

What is the right approach? The commentary holds that all things should not be a "almanac" read old. In the case of "margin" speculation, the target price will be collected, and when the stop price is touched, it will be chopped off without nostalgia. But if investors don't borrow money, they buy their own carefully considered investment products (except futures and derivative products), so that profits will naturally roll. There are always people in the world who encounter the opportunity of Fugui, but also into the head of the black misfortune. I think that this is Providence, is the fate, believe it or not.

The interview said Li Ka-shing Love Solitude, "loneliness is his natural normal."

This speech let the writer remember just entered the first University of sociology group discussion class to do an experiment, each classmate on the white paper with his best classmate name to tutor integration.

The result appears a interpersonal relationship chart, has one or two schoolmate to receive the most schoolmate to be named, proves their popularity is good, is the monitor or the contact person best person. But there are one or two students with only two connections (this is the two lines he wrote on his two classmates), such people are deviant, they may be the bad guys in the future, and few people are willing to associate with them, but they are more likely to become revolutionaries and thinkers in the future.

Li Ka-shing likes to be lonely, love to ask himself, give people feel life is stiff, no fun, he cited the theory of sociological experiments.

Investment is a lonely journey

Experienced stock investors know that investment is a lonely journey. Those in the stock row, noisy under the sale of stock shareholders, I dare to assert such mass speculation, the loss of money is the normal.

Li Ka-shing said he had never made an intuitive investment, but had carefully studied the company's financial statements and made decisions after studying business rules, and he was a cautious investor.

I remember a few years ago, I published an article in this column, talking about the highest level of investment decision-making is intuition, this is the cognitive category philosophers talk about, Buddhism Zen said "enlightenment." Investment decisions are often limited by time and do not make quick decisions and miss opportunities or deal with sudden crises. It is wrong for many investors to have an intuitive investment that is equivalent to betting on gambling. Only on something (including: All walks of life, goods, products, markets, environment ...). Familiar and experienced people can successfully use the intuitive investment method.

Keep abreast with the Times strive

With the Times, strive is the management of the company's successful forward begotten. Li Ka-shing said his early years of study, others are self-study, he is robbing learning. He still insists on reading before bedtime and reads English with BBC TV anchor in the morning for 15 minutes. He loves to chase new technology, to work with new technology, to be a truly modern man.

Many Hong Kong bosses and management staff were not willing to take up new technology and new things when they were 40 or 50 years old, so the company began to age, lacked competitiveness, and finally ended up selling or closing.

This is not a question of who is right or wrong, it is a matter of personal philosophy. Li Ka-shing, 85 years old, still works 5 and a half days a week, and his life's pleasures and contentment come from his work and watching the expansion of the group. In some people's eyes, Li Ka-shing is very boring and stupid, do not know how to enjoy life, all the people in the world have, as long as they feel happy, is the world good season.

Li Ka-shing's group across 52 countries, employs 260,000 people, most of them are foreigners, the group staff turnover rate is very low, showing staff sense of belonging to the group, which plays a good role.

The United States large institutions, the mandatory 5% per annum performance relatively poor staff, for foreign employees, said to be to blood stasis, input new thinking. Who's doing good? Who's doing bad? Finally, the company's performance to decide.

Li Ka-shing's staff to flow away the number of the main reason for the pay and pay is respected, Li Ka-shing Confucian style, those who love to scold the staff boss can have a wake-up call.

Set up a foundation to do good deeds

Guangdong people have a sentence of saying: "Make a fortune, proud curse." After Li Ka-shing developed, Li Ka Shing Foundation was set up in 1980 to do good deeds for education and medical treatment, so far, Mr Li has donated HK $14.5 billion.

Hong Kong people's bosses and their companies often say that they have the best interests for their shareholders, neglecting social justice and forgetting to do social philanthropy. The so-called "corporate citizen" (corporate citizen) is just a gesture and to promote the company's image. There are not many bosses who really want to donate like money, not to mention that some of the rich in America are willing to donate their wealth for good, and that they have no idea of the wealth they have left behind or that their children are fighting to fight for their family's harmony.

In the old days, Guangdong people have installed "Lord Card", wrote "The Ancestors of the heart, the Promised land later Geng" words. Modern Family, there are several installed this traditional "Lord card"? No wonder there are many lawsuits in Hong Kong in this era.

Li Ka-shing, his sons and grandchildren, he did a good deed, the heart first seed, the property first, in order to let posterity have the blessed land can be ploughed.

Long and the Department of shares in the argument that the sound of the withdrawal of Li Ka-shing, investors do not withdraw capital, look at the company's profitability and prospects, Li Ka-shing sitting mayor and the department has not spoken. So bold, rich experience, wisdom, wide network of the generation of businesses, long and the Department of Business prospects are still good.

Long and the Department of the size of investors should be ready to pray for Li Ka-shing, let him live forever.