Welcome to the sixth episode of The Better Podcast! We’re your co-hosts CHIN Hui Leong and CHONG Ser Jing. In The Better Podcast, we want you to get better at this game called life, together with us. This podcast is designed to share what we’ve learnt about life, business, investing, and so much more.
For our sixth episode, Chin discussed a 2013 letter written by Mark Zuckerberg, the co-founder and CEO of Meta Platforms (formerly known as Facebook). Chin shared a number of his takeaways from the excellent letter, such as Zuckerberg’s impressive ability to constantly be aware of the competitive landscape his company is in; the importance of building products that are 10x better than what’s out there; how crucial it is for companies to have multiple sources of competitive advantage and to constantly reinforce these competitive advantages; the pros and cons of having a centralised or decentralised organisation structure, and more.
Furthering the discussion on Zuckerberg’s letter, Ser Jing brought up a few points, including the observation that even Zuckerberg underestimated the growth potential of the Facebook platform.
Finally, we talk about the recessionary fears that are griping stock market participants lately. We bring up data from companies showing strong consumer spending. But at the same time, we acknowledge that many high-profile company executives have publicly sounded their worries about the economy and retail companies are also facing inventory problems. Ser Jing also highlighted investing legend Stanley Druckenmiller’s recent comment that he is not aware of any historical precedent for the current investing climate we’re in.
Nothing on this show should be taken as investment advice. It is purely for informational and entertainment purposes only. All opinions expressed in this show by us and our guests are solely our own opinions. We and our guests may hold positions in the financial assets discussed in the show. These holdings are subject to change at any time.
We value your feedback, so let us know your thoughts! Contact us at thebetterpodcaster@gmail.com
Show Notes
TBP Episode 6