“A great obstacle to happiness is to expect too much happiness.” — Bernard De Fontenelle

“This also holds true at country level. Countries that implement ever-stricter woke regulation will likely fall behind economically. This will trickle through to individual companies, and to their owners and employees. “Go woke, go broke” does carry a lot of truth in it, and it will affect people in the US and Europe.”

https://www.undervalued-shares.com/weekly-dispatches/woke-ceos-bad-for-your-investment-performance/

2. Africa is one of the biggest and most exciting opportunity in the next decades.

https://thewanderinginvestor.com/alternative-investments/5-reasons-why-i-decided-to-invest-in-the-stock-market-in-africa/

3. Big fan of Josh Brolin. …


Libertarianism is stupid. No government is anarchy. Just look at Somalia.

But the ongoing growth of government reach into almost every sector of life is not a good thing. Having bigger organizations and throwing bodies at something does not usually equate to better results.

In fact, the bigger an organization is, the dumber and slower it is. And even less responsive to “customer” needs. This is the case in both business and government. They start to focus on internal issues versus external needs as critical mass and attention is spent inside.

I think this accounts for the gross incompetence we…


I was talking about the Crypto token Solana (SOL) with a friend a few weeks back. Solana’s value has literally exploded, pumping a full 24% in one day. I made a remark about the fact that I knew the Solana team back in 2017 and had the chance to buy some tokens. They actually went through the Accelerator program I ran and the 500 Mobile fund (now Race Capital) we worked with made an investment here. My friend did the math and said that if I had made a $100k investment at that time, this would have turned into $75M…


To be without some of the things you want is an indispensable part of happiness. — Bertrand Russell

Think about it like this. If for some reason lending rates go up 5–6%… all this means is that Traditional finance sees a *slight* increase in Net Income margins. While the profit margins may go up a bit, the distance between the two doesn’t change much.

In…


I’ve been part of the initial Ondeck Investor Fellowship and it’s been really educational. One of the big pieces of managing investments is dealing with your own psychology or instincts wired into your lizard brain from thousands of years ago on the plains. One of these is Hedonic Adoption & Novelty effect. And boy do I suffer from these.

Looking back, I was very fortunate to land at Yahoo! during its rise. I got to travel the world, learned a ton, and met amazing people. I was also paid very well, got to expense almost everything and got stock options…


This is a topic I’ve been speaking publicly on and is based on my Future of Work Presentation that I have been giving since 2016. And it’s quite startling how 2020 really accelerated much of these trends.

One major trend: The decline of corporate longevity. The average longevity of a Standard & Poors 500 company went from 50 years to 15 years. This is due to the rising Tempo of Change. Incumbents being attacked by challengers in every sector. And because the bigger a company is, the dumber and slower they are. They have a harder time reaching market changes.


The secret of happiness is freedom, the secret of freedom is courage — Carrie Jones

Today, the global population is transitioning from a military industrial complex to a COVID industrial complex.

This is an opportunity to position yourself and your capital to take advantage of a likely…


I must have seen this movie a hundred times and I never get tired of it. Beautiful cinematography and landscapes put to a great story and music soundtrack. Ben Stiller plays Walter Mitty who lives this humdrum life supporting his family working in the photo team of Life Magazine but has these crazy daydreams of wild & spectacular adventures. All of this is happening when he loses the snapshot of the last cover while the magazine he works at is shut down.

He then begins a real world adventure trying to track it down, traveling to Greenland, taking a helicopter…


In the mid-2000s when I started going to Russia, I discovered this amazing coffee place in Moscow called Coffeemania. At the time, it was a well designed atmosphere, with friendly staff, great crowd & delicious food and coffee. But over time they expanded and grew from 2 locations to 50+ locations across the city and even at the airport. Literally everything declined. I obviously stopped going. I saw this with multiple stores across the globe. I think we have all experienced this in our lives.

Why does this happen? Scale is where you make the really big money. It’s very…


“Happiness consists more in conveniences of pleasure that occur everyday than in great pieces of good fortune that happen but seldom” — Benjamin Franklin

Marvin Liao

Ever curious: Tsundoku, Reader, Aspiring Shokunin, World traveller, Investor & Tech/Media exec interested in almost everything! www.marvinliao.com

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