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Alibaba Founder Jack Ma: If you’re still poor at 35, you deserve it!
Vulcan Post ^ | 09/23/2014 | Zach Ho

Posted on 09/23/2014 7:33:32 PM PDT by SeekAndFind

You are poor because you have no ambition.

Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.

There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.

Jack Ma founding members

When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this: “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.

As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”

jack ma serious

Jack Ma: People lose out in life because of these 4 reasons:

  1. Being myopic to opportunity
  2. Looking down on opportunities
  3. Lacking understanding
  4. Failing to act quickly enough

You are poor, because you have no ambition.

Ambition is living a life of great ideals; a magnificent goal in life that must be realised.

In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one’s ambition determines the potential of one’ future.

The Story of Juliet Wu Shihong – one of China’s first-generation professional managers, who gained success by working her way up the ranks from a cleaner, a nurse, a marketing executive, through self-education and learning on the job.

Juliet Wu Shihong

She had been the general manager for the world’s most famous multinational IT groups’ Chinese branches (Microsoft 1985-1998; IBM 1998-1999). She is also China’s first successful international corporate executive to join the executive team of a domestic private firm. Wu was seen as a symbol of the new generation of business executives that China has produced in its economic reform and opening-up.

When Wu started off in a big company working from the lowest ranks, her daily job was to pour tea and sweep floors. Once, because she forgot her staff pass, the company’s guard stopped her at the door and denied her entry. She explained to the guard that she was indeed one of the company’s employees, and that she had merely left the building for a short while to purchase office supplies.

Despite her pleas, the guard still did not allow to enter. As she stood at the gate, she watched as those of similar age to her, but smartly dressed in business attire walking through without having to show their passes.

She asked the guard, “Why are these people allowed through without producing a pass?” The guard dismissed her coldly nonetheless.

That was the turning point for Wu – she felt great shame, her self-esteem trampled on.

She looked at herself, dressed in shabby clothes and pushing a dirty push cart. Looking back at those dressed in smart attire, her heart felt a deep ache from the sudden realization of the sorrow and grief from being discriminated. From that moment, she vowed never to allow herself to be shamed like this again, and to become world-famous.

Since then, she used every opportunity to enrich herself. Every day, she was the first to arrive at work, and the last one to leave. She made every second count, spending her time learning the ropes. Her efforts soon paid off; she was made a sales representative, and quickly progressed to being the regional general manager of this multinational company in China. Wu did not possess strong academic qualifications, and was revered as the ‘Queen of Part-timers’. Subsequently, she assumed the position of GM of IBM China. This is the Wu Shihong, the heroine in China’s business circle.

Juliet Wu Shihong
If not for the incident, Wu Shihong would not have had the ambition to become rich, and her life would have taken a very different path then.

No matter how poor your family is, do not doubt your own abilities and lose sight of your ambition.

Go big, or go home. Otherwise, you’re wasting your youth.

The article is originally published in Chinese, and is translated into English. If you think this was helpful, feel free to share it with your friends.


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: alibaba; jackma; wealth
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1 posted on 09/23/2014 7:33:32 PM PDT by SeekAndFind
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To: SeekAndFind

Gee, just take a dump on the rest of the world. Classy.


2 posted on 09/23/2014 7:38:10 PM PDT by doc1019
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To: doc1019

If advocating hard work and discipline is “taking a dump” on what’s left of our culture, then so be it.


3 posted on 09/23/2014 7:41:26 PM PDT by oblomov
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To: doc1019

No kidding. I don’t know who this Jackma is or what Alibaba means, but he can just...


4 posted on 09/23/2014 7:43:09 PM PDT by Inyo-Mono (NRA)
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To: SeekAndFind

Brilliant! He basically started eBay-China. Most of what he did was copy and bring it together. For that, he gets a pat on the back and billions of dollars.


5 posted on 09/23/2014 7:43:27 PM PDT by boycott
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To: oblomov

I was referring to his statement “If you’re still poor at 35, you deserve it”.


6 posted on 09/23/2014 7:44:42 PM PDT by doc1019
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To: SeekAndFind

7 posted on 09/23/2014 7:44:46 PM PDT by ClearCase_guy ("Now is not the time for fear. That comes later.")
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To: SeekAndFind

The Libs will soon start not classifying Chinese as a special needs group like other minorities...


8 posted on 09/23/2014 7:45:30 PM PDT by GraceG (No, My Initials are not A.B.)
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To: doc1019

I believe Jack Ma is 100% correct.


9 posted on 09/23/2014 7:46:24 PM PDT by SamAdams76
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To: oblomov

Millions of millions of hardworking, disciplined people are poor and will be so their entire lives. Just the way it is — but it is condescending for some rich commie who hit it lucky to declare it’s their own fault.


10 posted on 09/23/2014 7:46:38 PM PDT by Wyrd bið ful aræd (Asperges me, Domine, hyssopo et mundabor, Lavabis me, et super nivem dealbabor.)
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To: SamAdams76

Good for you.


11 posted on 09/23/2014 7:46:51 PM PDT by doc1019
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To: oblomov

There is more to life and family than working and having self discipline. Some of the hardest working people seem to have no affinity to relationships; their children are strangers to them.


12 posted on 09/23/2014 7:48:35 PM PDT by SatinDoll (A NATURAL BORN CITIZEN IS BORN IN THE US OF US CITIZEN PARENTS.)
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To: Inyo-Mono

Alibaba is the Asian version of Amazon is projected to make $650BB in revenue. Ma has taken the company public this week and is bringing Alibaba to the American market.


13 posted on 09/23/2014 7:50:21 PM PDT by rabidralph
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To: SeekAndFind

It depends on what poor is, a lot of nurses and moms, and soldiers and sailors, and missionaries and ministers might not be dirt poor, but at age 35 are still too busy with the unimportant stuff in life to focus on their first billion, much less their 10th billion.


14 posted on 09/23/2014 7:50:47 PM PDT by ansel12
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To: Wyrd bið ful aræd

Millions of millions of hardworking, disciplined people are poor and will be so their entire lives. Just the way it is — but it is condescending for some rich commie who hit it lucky to declare it’s their own fault.


And not everyone measures their life by financial wealth. I know people on missions in Africa that wouldn’t trade places with him. They don’t have a lot of money but they’re still living an abundant life. And they’re not going to bury this man with his money. In the end, his life may not be more meaningful than he made a lot of money. That’s still to be determined.


15 posted on 09/23/2014 7:50:58 PM PDT by boycott
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To: SeekAndFind

This is why China is going to take our place as the world’s leading economy. The only group in the US that strives for excellence is our athletes.


16 posted on 09/23/2014 7:51:04 PM PDT by txrefugee
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To: SeekAndFind

Go big or go home.

He is doin’ it right.


17 posted on 09/23/2014 7:52:12 PM PDT by Delta 21 (Patiently waiting for the jack booted kick at my door.)
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To: SeekAndFind
Herman Cain a few years ago:

'“Don’t blame Wall Street. Don’t blame the big banks. If you don’t have a job and you’re not rich, blame yourself.”

18 posted on 09/23/2014 7:52:25 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: txrefugee

So our men and women in the military strive for medocity sic ok.


19 posted on 09/23/2014 7:59:23 PM PDT by al baby (Hi MomÂ…)
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To: SeekAndFind
"If you’re still poor at 35, you deserve it!" I corrected the headline. You may say that it is rude, but the reality is seldom not. Deserving it is not the same as being stupid. But most of the poor are deserving and stupid. Show me a poor 40 year old and I will show you a loser. A brilliant loser, perhaps, but a loser nonetheless!
20 posted on 09/23/2014 8:06:04 PM PDT by sagar
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