- Chinn Ho
Chinn Ho, known as “the Chinese Rockefeller,” was the first Asian American to make a fortune in Hawaii real estate development.
His offhand success formula — “wait long, then move fast” — is all too often the opposite of what investors do: They “can’t wait” to chase trains that have left the station, and then move slowly (rather than fast) to seize opportunities and cut losses.
The concept applies in trading in respect to waiting for a clear and present inflection point before making a sizable bet.
But it also applies in daily life, in respect to simple activities like purchasing a used car or buying a house. The more in a hurry you are, the less likely you are to come across an exceptional opportunity. (And of course, you want the checkbook in your pocket when you find it.)
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