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Published Mar 31, 2020

Rapid Response: Hourly workers are a ‘hero class’ w/Cue Ball’s Tony Tjan

Tony Tjan shares insights on investing with a longtermism mindset, transforming the nail care industry with ethical practices, and addressing the economic challenges faced by hourly workers, emphasizing their vital role in the economy and the necessity for lasting support and human connection.
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Episode Highlights

  • Longtermism

    Tony Tjan, managing director of Cue Ball Capital, emphasizes the importance of long-term thinking in investment, contrasting it with short-termism. He describes his approach as seeking out "sea turtles" rather than "unicorns," focusing on ventures that can endure for decades. This philosophy is particularly relevant in times of crisis, where the temptation to focus on immediate gains is strong.

    Most things coming out of the microwave don't taste that good. They tend to be better simmered or slow roasted.

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    Tony believes that by extending our investment timeframes, we can address larger societal issues and support innovation in underserved areas 1 2.

       

    Investment

    Investment strategies that prioritize long-term resilience are crucial, especially during crises. Tony Tjan highlights the need for economic resilience solutions, such as setting up funds to support vulnerable workers. He stresses the importance of immediate financial aid, like the proposed $1,200 stimulus, to help individuals bridge financial gaps.

    We need to allow their banks to give them forgivable short term emergency loans.

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    These strategies aim to sustain businesses and protect workers, ensuring they can weather economic challenges 3.

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