Money & Power

Lessons on Business and Education from Billionaire Jack Ma

The founder and executive chairman of the Alibaba Group imparted his wisdom at De La Salle University this morning.
IMAGE WIKIMEDIA COMMONS
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Students of De La Salle University had the honor of hearing from Chinese business magnate, billionaire, and motivational speaker Jack Ma this morning, in a forum held by the school.

Ma, who founded the Alibaba Group of internet-based businesses, has become one of the world's most prominent success stories. He was here to receive a Doctor of Science in Technopreneurship Honoris Causa from De La Salle University, and was gracious enough to share his wisdom to Lasallian students.

Here are some of the most memorable quotes from his talk:

ON HIS VISIT TO THE PHILIPPINES:

“It is not the award (Doctorate on Technopreneurship) that brought me here (Manila) but it is the responsibility and the mission that I can bring to this world.

I tried PH Internet speed last night. No good. Gov and private companies should work together to improve.”

ON RELATIONSHIPS:

Business is about friendship building. Friendship is about trust building.”

“Do not build a company with your closest friends. But once they join the company, treat them as friends.

ON BUSINESS:

A good boss is better than a good company!

Small businesses must have big dreams. Big companies should have small steps.

You have to change all the time. We don’t care about if people say we are crazy. We care about 'is this really different?'”

“But even if you have a crazy idea, don't always think you're right.

“In the next thirty years, it is not the internet companies but the companies that can make full use of the internet that will succeed.

ON EDUCATION:

“Human beings have wisdom. Machines have intelligence. Animals have instinct... Machines can learn like human beings but machines can’t think like human beings. What are things that machines can never do? That’s what educational systems should pay attention to.

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The way we teach our kids today may affect whether or not they'll get jobs tomorrow.

When we teach our kids better, they will not make the same mistakes our ancestors and our generation have made.”

Learn from others' mistakes so you will know how to face them. And the best way to face them is with a great attitude.”

WORDS OF ADVICE TO WOULD-BE BILLIONAIRES:

“Don't be discouraged when people don't help you. You should earn the right to be helped.

Be simple. Stay foolish. No matter what, just continue. Do not complain about others. Complain only about yourself.”

“I believe it's not the technology that changed the world, it's the dream behind the technology that changed the world.

“Happy and healthy industries is something that we want to do. Sustainable growth is when you are healthier and happier.

Young people are never scared of the future. If they're scared, they never have the future for themselves.”

If you think you [need] five years to succeed, prepare for 15 years... Have long preparation [and] determination.”

“No matter how smart you are, if you don’t know how to work with people, your dreams will just be dreams.”

In case you missed it, the full video is available here:

JACK MA Conversation with Students

Jack Ma live in DLSU! #JackMaXDLSU

Posted by De La Salle University on Tuesday, October 24, 2017

This story originally appeared on Esquiremag.ph.
* Minor edits have been made by the Townandcountry.ph editors.

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About The Author
Miguel Escobar
Editorial Assistant for Esquire Philippines
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About The Author
Angelica Gutierrez for Esquiremag.ph
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