What They Dont Teach You At Stanford Business School

Stuff you can't learn in B-school: LARRY CHIANG

Treasure Management’s Core Concept | The Official Duck9 Blog

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Ch2 | Treasure Management
By Larry Chiang

A key concept in WTDTYASBS most critical chapter on cash and money and treasure is the concept of playing with “House Money”.

Gambling with house money is gambling with winnings. This key is a critical pattern I recognize. Doing well while you’re under massive debt is difficult because of the pressure.

I sell credit cards to undergrads.

As CEO, I’ve led an org to become #1 in selling credit cards because I advocated a consumer advocate truth: there is a right side and a wrong side to the interest rate equation. Paying interest is bad. Getting paid interest is good.

At the heart of this challenge is one thing that few can do. It is under consume.

The old way is to allocate 70-20-10.
Spend 70%. Invest 20. Tithe 10

New way is 50-30-20.

It’s not just me saying this. My mentor said this. And you’ve heard:

“Keep your powder dry”

“The key to this game is your capital reserves. If you don’t, you can’t piss in the tall weeds with the big dogs”

People that do it wrong say

“You can’t spend it when you’re dead”


“You’re only young once”

Remember, debt makes you dumb and getting treasure helps you have a chance to be smart. Look at Mark Cuban’s blog. He may not have been a scholar at the state school he studied at but his blog has genius stuff and supreme insights http://www.blogmaverick.com

There is a method to increasing your treasure. It’s ENGR 145. It help you make money.

ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole

It moves you to the right on the entrepreneur bell curve

CEO of Duck9
Founding Stanford University EIR (Entrepreneur in Residence) Emeritus

Duck9 = “Deep Underground Credit Knowledge” 9
125 University Avenue/ 100
Palo Alto CA 94301
650-566-9696 (direct)
650-283-8008 (cell)

Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” http://whattheydontteachyouatstanfordbusinessschool.com/blog CNN Video Channel: http://ireport.cnn.com/people/larrychiang

Read my last 10 tweets at http://www.Twitter.com/LarryChiang

Author, NY Times Bestseller

“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14


52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering

Emergency swings and cutting deals as an 9 year old

Duck9 is part of UCMS Inc.

More on #ENGR145’s SHIFTING right on the entrepreneur bell curve


Written by Larry Chiang

December 14, 2012 at 7:24 pm

Posted in Uncategorized

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