Why is Li Ka-shing successful?

1. Respect

2. Self-discipline

3. Prepare for a rainy day

4. Learning

5. Subversion

6. Admit mistakes

7. Be conservative

1. Respect: According to the description of Southern Weekend reporters, on November 22, 2013, they came to Hong Kong The Cheung Kong Group Center in Central is where Li Ka-shing’s office is located. At 14:30, the door opened, and 85-year-old Li Ka-shing walked in with a smile on his face, walking quickly without any support. He shook hands with everyone, bent slightly to hand over his business card, smiled, looked at everyone seriously, and almost superfluously introduced himself in Mandarin with a Teochew accent: "Li Ka-shing." During interviews with reporters, Li Ka-shing showed this at all times. Li listened carefully to everyone's questions, fearing that he might not answer clearly. He made an appointment to conduct the interview in Mandarin, so Li continued to use Mandarin, although Chaozhou dialect was more comfortable for him. Li will take care of everyone's feelings. When listening to questions, he is as focused as a primary school student; when answering, he will definitely look at the other person. Li gave everyone a business card, but when it was the photographer's turn, they ran out of cards. Surprisingly, halfway through the interview, Li suddenly asked an assistant in the distance for a photo and gave it to the photographer. His actions were so natural. Comment: Managers generally have two orientations towards their subordinates. One is control orientation and the other is respect orientation. Which is more important?

2. Self-discipline: 85-year-old Li Ka-shing has maintained two habits since his early years of starting a business: First, before going to bed, he must read books, non-professional books, and he will focus on the key points. Look, if it is related to the company's major, no matter how ugly it is, he will finish it; secondly, after dinner, he must watch ten or twenty minutes of English TV. Not only must he watch it, but he must also say it loudly, because " Afraid of falling behind." This kind of diligence and self-discipline is beyond comparison with ordinary people. Regarding work habits, the most famous detail is Li Ka-shing's schedule: no matter what time he goes to bed, he must get up after the alarm goes off at 5:59 in the morning. Afterward, he listens to the news, plays golf for an hour and a half, and then goes to the office. Comment: This kind of self-discipline has actually reached the level of self-abuse. In fact, according to my observation, successful people must be somewhere between self-abuse and abuse of others, or both.

3. Prepare for a rainy day: People familiar with Li Ka-shing said that he is a person with a strong sense of crisis. He spends 90% of his day thinking about the future. He always creates the company's adversity in his heart, constantly asks himself questions, and then comes up with ways to solve the problem. "When the crisis comes, he will be ready." Comment: If you think about failure thoroughly, it will be difficult to think about whether you will succeed or not. This is the essence of reverse thinking.

4. Learning: Mr. Li’s learning method is very interesting - in addition to reading books, he also has a vicarious experiential learning method. Another subordinate who has been with Li for more than ten years revealed that Li Ka-shing likes to watch movies, and when watching movies, he has a strong "sense of immersion". Every time he chooses a character he likes, and then follows the ups and downs of the plot, " live their lives”. Comment: This reminds me of Munger’s description of Buffett: He is a walking book.

5. Subversion: "He is not a person who lives in an ivory tower. On the contrary, his grasp of trends is far better than that of many young people." A subordinate revealed. Li Ka-shing has countless companies, including countless subordinates. There are about 200 people who report directly to him. Every month, Li holds meetings with overseas management and conducts "overseas inspections" three or four times a year. An 85-year-old man, he uses the latest electronic equipment. Comment: If you want to subvert others, you must first subvert yourself.

6. Admit your mistake: In 1996, Li Ka-shing's eldest son Li Zeju was kidnapped by the thief of the century Zhang Ziqiang. The other party came to Li's house single-handedly and asked for 2 billion. Li agreed on the spot, but said "the cash is only 1 billion. If you If you want, I can go to the bank to withdraw it for you." Li's calmness surprised even Zhang Ziqiang. Zhang asked him: Why are you so calm? Li replied: Because this time I was wrong. We are so well-known in Hong Kong, but we are not prepared at all. For example, when I go to play ball, in the morning I drove to the New Territories by myself at around five o'clock. On the road, a few cars surrounded me, but I was completely unprepared. I wanted to examine it carefully. Comments: Admit your mistakes and be willing to pay the price and take responsibility. This is the golden rule that allows you to fail many times without dying.

7. Conservative: for example, debt ratio. Li Ka-shing's control of this indicator is almost paranoid. One thing he often says is: "When there is a drought, prepare boats for floods; when there are floods, prepare cars for drought. Even if a company is profitable, it can go bankrupt. If a company's cash flow is positive, it is less likely to go bankrupt. "Li Ka-shing told Southern Weekend reporters that in 2013, Cheung Kong's debt ratio was 4%, Hutchison Whampoa's was 21%, and Husky's debt ratio in Canada was only 12%. Li is very proud of this, "I have been in business since 1950, and I have always dealt with debt and loan issues very carefully. Although I have experienced many ups and downs, I have come all the way." Comments: Countless people Peace proves that only conservatives can survive long. Life requires some unforgettable experiences to make us grow and mature. The secret to always being successful is to eliminate yourself every day. Success requires opportunities and abilities, but what is needed is human character. Li Ka-shing's success shows us the simplest but most difficult principle of success.