10/2021 — Money, Impact and Risk

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Table of Contents

  • Chamath Palihapitiya

Chamath Palihapitiya

This month, I watched one of my favourite interviews “Chamath Palihapitiya, Founder and CEO Social Capital, on Money as an Instrument of Change” to remind myself about impact, money and the world.

It was always a fresh experience for me when listening to something that I had never heard in my life here in Malaysia. The perk of the Internet, ha!

Environment

The environment makes the difference between how a person grows, think and act.

When Chamath Palihapitiya was working in Newbridge Network, he had the chance to understand how a billionaire like Terry Matthews made decisions. When to build this router relay switch, when to buy a company or pivot to ATM business and so on. In other words, the man knew where to spend the money to make the most out of it.

It’s something that we can’t learn by simply listening to a podcast or watching a blockbuster movie. Day by day, Chamath Palihapitiya absorbed the essence of attitude from his boss, Terry Matthews.

After learning the right attitude towards money and its impacts, I believe Chamath Palihapitiya got to know which skills to learn and which path to pursue.

Based on his LinkedIn profile, we can notice that he started to work on the business acumen side instead of joining something related to his Bachelor degree (Electrical Engineering). This is certainly what normal people won’t do because it involves high risk. People tend to settle down and be in the shape that the environment wants us to be.

It is absolutely OK to have the mindset of having a minimal output to the environment (like we doing our daily job) while consuming whatever environment output to you for the rest of the day. But to have a prospective future, deep down I understand we should provide value more than what we consume. The reward? Reputation and impact.

Risk

Being in my second year of my 20s, I felt I can take more risks instead of being moderately conservative in these 2 years.

These days, I won Hackathon, was a Director of an event, an intern of a company. But I do nothing to build anything that will “stand the test of time”. Everything is just quick, fast and go. I took the badge and moved on.

The same applies to my 2021 New Year Resolution, in which I aimed to read 2 books per month. It started to run off the track when I forced myself to get so many inputs about management while not applying them elsewhere. I felt that it’s a waste of time if we didn’t fully understand the essence of the book and apply it.

To pivot to something that will be in the flow for years, be it side hustles or personal development on a certain aspect, is always related to risk. We always want to get something out of nowhere in a short amount of time without risk, that’s why investment scams are so prevalent.

To build great things, other than being smart at the strategy to archive it, we need to execute it for years to make the real changes. This is where most people, including myself, fail.

Be RISK ON and march consistently to our goal.

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The Journey is the Reward.

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