Capital, Earnings & M&A
Heaven Does Not Always Reward Hard Work; Deep Thinking Matters More Than Diligence
Liu Qin, a partner at Morningside Ventures and an investor in Xiaomi, once shared a conversation with Lei Jun. When asked why he was a successful investor, Liu replied that he believed in extreme diligence and that heaven rewards hard work. Lei Jun's response was that heaven does not always reward hard work. Liu emphasizes that opportunity is not luck but a deep understanding of entrepreneurial trends, and deep thinking is more important than diligence.
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