The Chinese Businessman Paradox


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Notes

  • Characteristics of people with “Chinese businessman wisdom”: thrifty, low-key, savvy, cunning, pragmatic, and respected — even begrudgingly! — by the communities they run businesses in.
  • The following paradox: first, that the most successful Chinese businessmen were often the least educated ones. Second, that Chinese businessmen as a group were more superstitious than most, but that this didn’t seem to have much of an effect on their ability to run their businesses! And finally, that the vast majority of Chinese businesspeople did not think too far ahead. They optimised locally, and by keeping close tabs on the bottom line, shut down lines of business that weren’t performing as well.