Derek Chu
@derek_chu
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VC @firstmarkcap @airbnb @cfr_org @beli_eats @poshvip @shoponpickle alum @forbesunder30 @menloventures @wharton @momentskis 🗽🇺🇸🇹🇼
SoHo, Manhattan
Joined July 2009
This is some of my favorite advice from Jamie Dimon on how to build a successful career From his commencement speech to the HBS MBA Class of 2009 "There is already a book on you. That book is already being written. And if I spoke to your teachers, your friends, your parents, I
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The trick is getting into better businesses - Charlie Munger
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Buffett on why he thinks it’s not helpful to have a macro economic view
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“Position sizing was 70 to 80% of the game. The reason that struck me is because, first of all, purportedly George Soros made money on fewer than 30% of his trades.” What Stanley Druckenmiller taught Michael Mauboussin on investing
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Stan Druckenmiller on how the best investors handle risk in portfolio management "If you follow a disciplined system, you just have to watch your own results. You have to believe in yourself, and success breeds success "One of the things with me, I know when I am hot and I know
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This guy literally explains how to reprogram your brain for instant action
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“The distance between deciding and doing is the single most reliable predictor of whether your life will be extraordinary or ordinary.” These three paragraphs will change your life:
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Did you know how much Argentina’s economy has improved since Javier Milei became president? GDP growth: from -1.6% to +5.2% Inflation: from 211% to 31% Poverty rate: from 42% to 28% Argentina is the best example that free markets work. More countries should follow.
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A person’s task in this world is to increase the love within himself and manifest it in the world.
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“The only thing an old man can tell a young man is that it goes fast, real fast, and if you’re not careful it’s too late. Of course, the young man will never understand this truth.” — Norm Macdonald
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Of the 25 largest companies in the world: -Europe claims 1 -China claims 1 -Taiwan claims 1 -South Korea claims 1 -Saudi Arabia claims 1 -New York claims 2 -Washington claims 2 -Texas claims 3 -California claims 7 -Nebraska, Arkansas, Indiana, New Jersey, Colorado and North
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Excellent (and horribly depressing) piece putting hard numbers behind the deteriorating well-being and sky high emotional distress/social isolation of Gen Z and Millennials.
some words and a lot of new polling data on the loneliness crisis — and how it's way deeper and more multidimensional than most people seem to think.
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“In the end, it’s all pattern recognition. And mathematics is the ultimate pattern recognition machine.” - Jim Simons
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Favorite excerpt from Brent Beshore's annual letter: What CEOs Are and Aren’t Most people think of a CEO as the person at the top. That’s true in the same way it’s true that the windshield is “at the front” of the car. Technically correct. Also, misses the point. The
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Network Liquidity is the Moat
Former Executive at Tradera on European Second-hand Marketplace barriers to entry: "It's a big question. Creating a new marketplace similar to Vinted would be very expensive due to the high cost of user acquisition. Vinted has grown significantly and has a large market share in
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26 ways Michael Jordan was described in his 700 page biography: 1. His competence was exceeded only by his confidence. 2. Jordan believed mostly in himself. In Mike he trusted. All others were open to question. 3. Michael puts every ounce of talent to use. Jordan goes all out.
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