Wendy finally decided to take spare time to attend the Finance MBA program of Cheung Kong Graduate School of Business. She has my full support for the decision. Good education makes people wiser, and happier, although I don’t think the degree has too much value.
Wendy’s passion for finance has lasted for years. After reading the incredibly thick book – The Age of Turbulence: Adventures in a New World by Alan Greenspan, she just finished another book about George Soros – another incredibly thick book. Wendy has the passion to talk with me about finance, and economics, just as I was passionate to talk with her about business, and some times even coding and other techs. I didn’t appreciate it as much as she wanted me to. We sometimes beg the other party to spend time just to listen what we learned. Interesting, isn’t it?
I went to the Cheung Kong Business school in the Cypress Hotel (walking distance from Hongqiao Airport) to attend a public class by Professor Gan Li. To my surprise, this is a very good one.
With no offense, I attended other lectures on economics, and I could not understand what is going on (the fault is mine because I am lack of some basic knowledge on economics). Professor Gan’s talk on the Efficiency of Thin and Thick Markets (PDF) actually solved many of the problems I have.
As CEO of Baixing, an online market place, it is hard to operate the market well without knowing some basic economic knowledge. Many of the problems we face are not longer technical issues – it is economics issues. The talk actually raised my passion about economics. I am so privileged to chat with Prof. Gan for about one hour afterward – my appreciation goes to him.
Opportunity Cost in China
One thing we talked was about the challenge for professors in the States to return to China. China is a place full of opportunity, and that makes the cost to be focused and patient quite high. That is exactly what I observed – there are few really good engineers (they are all turned into so-so managers, or businessman)…. I agree with the point – the problem of having too many opportunities.