Overcapacity is in the overall global market, not China's market. The Chinese will simply reduce import of semiconductor from the US and fully utilize their own production. Let the American eat their own production.
Jack Ma (founder of Ali Baba) has a degree in English. No technical background. He just have "business sense". Even he paid $ 1 billion in fine for anti-trust violations, he is still a billionaire.Smarts is mostly genetic. But you do not need to be "smart" to become rich.
NO!Smarts is mostly genetic. But you do not need to be "smart" to become rich.
Confucius said men are born equal but practice make the difference. With the correct education and instruction a person can fully develop his/her innate potential which every person possess at birth. The DNA of the majority of people are almost identical, culture, environment and social pressure will shape the difference.NO!
While people born with down syndrome will never ace the ACT/SAT, something like a 1/3 of the population has the basic biological component at birth to attain a PhD.
So why are there so few educated and smart individuals? Exposure, focus and guidance.
Of that 30%, only 1/5 of them has the resources, parentage, nurture and growth to realize their full potential.
The other aspect of financial success is luck, and risk taking.
Jack Ma landed the way he did not because he has unmatched intelligence, but because he was unattractive, and willing to try shit. Had he looked like some male model, he wouldn't have taken the risk to venture on new business models, because his face and abs could cash all the ass he wanted.
The successful always claim somehow they were born exceptional. That's bullshit, it's probably some internal coping mechanism to justify the fact that they make more in a minute than the poor make in a lifetime.
Apple has no choice but to ensure that Chinese suppliers always supply a large percentage of the components.