Break the CONFORMITY!

This is a speech given by Datuk Vincent Lee at UTAR today. He is Star Publications Bhd executive deputy chairman and author for his book "Why 'Stupid' People Get Richer." In his book, the STUPID people is referring to those people who weren't so smart in class however they end up driving luxury cars and living in bigger house!

The most important juice of his speech is this sentence:-
To be successful in this world, we simply need to break all the rules. It means you must avoid "conformity" in the business world and you must be brave enough to break the rules of engagement. There's more advice given, read on.

#1. “Stupid” people don't follow formulas. Time and time again, we see street fighters defeat karate or kung fu masters in a brawl. Competitive economies require intuitive decisions to be made. “Smart” people think too much. Act too little. They suffer from what golfers call analysis-paralysis.

#2. Case studies are not to be followed. By the time the case studies are written and published, they are already outdated. We all know that success stories are post-analysed and post-rationalised to suit the strategies.

#3. To win, you need to be insightful and be led by blind faith. When successful, write a book (and claim it was foresight!)

#4. Never chase after money. Instead, chase after dreams! “Winners' are men and women who made the leap from facts into the realm of the imagination. Contrary to popular belief, money does not make money. Only having an idea of what to do with the money makes more money, just like how bankers make money from innovators.

#5. Speaking of chasing after money, choose to mix with people with ideas and not people with money. Rich people NEVER part with their money.

#6. When in pole position, act like a challenger. What it means is that when you are leading the pack, think you are number two. Keep running. When you are challenging, act big! Think and act like you are number one in the pack.

#7. The 51-49 rule. If you think the chances of success are no less than 51%, just do it. There are no fail safe ideas. It is better to learn to ride on three wheels than never be able to ride at all. Don't wait until the four wheels arrive and then only start moving. Take your risks now. As you get older, you will tend to be more fearful, and less flexible. The bottom line is you can't be afraid to fail.

TheStar, brilliant speech given by Datuk Vincent Lee

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