Yi Shi is a Singaporean billionaire who has had $1 Billion+ exits. We hope you enjoy this interview, and we would appreciate completing more international interviews in case anyone reading this has connections for us to $1 Billion+ families or individuals in Asia that we could interview.
1) What is the #1 most costly mistake you have made, seen many investors make, or business owners make that could be avoided?
Lack of appropriate adaptation to macroeconomic shifts. It's crucial to be aggressive in an easing climate and more cautious during periods of economic tightening.
2) What is the most valuable strategy, worth far more than $1 million, that you wish someone provided you with early on that you can share here?
Concentrating on long-term, sustainable business models that exhibit both compounding potential and a robust competitive advantage or 'moat'.
3) What was the major turning point, point of increased momentum, or strategic choke point that, once you acquired or completed, made everything you were doing surge forward?
The pivotal moment that marked a major leap in my progress was the understanding that money is merely an instrument and not the ultimate objective. This prompted me to shift my focus towards tackling the right and often difficult things. This was like flipping a switch; everything I was working towards had less competition (because it was more difficult) and gained momentum.
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