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We Study Billionaires - The Investor’s Podcast Network

TIP 099 : Billionaire Jack Ma and Alibaba (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 14 August 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

  • About the business culture in China where 16 hours, 7 days a week, is not uncommon.
  • If Jack Ma is really a Chinese Jeff Bezos – or perhaps it’s the other way around.
  • Why the 9th biggest website in the world is completely unknown to the west.
  • Why eBay and Yahoo failed to enter the Chinese market.
  • Ask The Investors: If India is a good country to invest in right now.


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Transcript

Click on a timestamp to play from that location

0:00.0

We study billionaires and this is episode 99 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. They'll test the waters and tell you what it's called.

0:20.0

They'll give you actionable investing strategies.

0:23.0

Your host, Preston Pish, and Stig Broderson.

0:30.0

Hey, how's everybody doing out there? This is Preston Pish. I'm your host for the Investors Podcast.

0:34.0

And as usual, I'm accompanied by my co-host Stig Broderson, out in Seoul, South Korea.

0:41.0

And that is obviously a change that we have to the show.

0:44.0

And Stig has moved himself from Denmark to South Korea.

0:50.0

So Stig, before we start talking about our episode here, I think some of the folks in our audience want to hear a little bit about why you're now living in Seoul.

0:58.0

And want to talk a little bit about your journey.

1:01.0

And just so people know, we're going to have this quick discussion about Stig's personal life.

1:05.0

So if you want to fast forward because you don't want to know his personal life, that's fine.

1:09.0

But after we're done talking about that, we're going to be talking about billionaire Jack Ma, who has a net worth of $23.7 billion for this episode.

1:19.0

So Stig, I want to hear what happened here. So you move from Denmark to South Korea with your beautiful wife, who is now a teacher in South Korea, correct?

1:29.0

Yeah. And I'm having a set that press because that's actually the reason why we are here.

1:33.0

My wife Sophie, she's got a visiting professor position for a year out here in Seoul.

1:38.0

And we always wanted to try to live abroad at least for a year.

1:42.0

And as it just turns out, she had a great chance to come to a good university here in Seoul.

1:47.0

And we just took the chance to say, why not? My wife is a polar cloud. So she speaks like, I want to say six different languages plus.

1:54.0

This is just speaks Korean. She speaks Korean well.

1:59.0

Oh, yeah. Preston, you actually know that. Yes. So here's a little bit of background.

...

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