New Billionaire Jack Ma from Alibaba: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity.After discussing for a full two hours, they were still confused -  The verdict: 23 out of the 24 of my friends & family in the room told me to drop the idea,

China's online retail behemoth Alibaba Group announced that it had "become the largest retail economy in the world" at the end of its fiscal year on March 31 2016.

"We used 13 years to demonstrate the power of a different business model compared with brick-and-mortar retailers,”

1999

Jack Ma - Alibaba People lose out in life because of these 4 reasons:

1. Being myopic (Narrow Minded) to opportunity2. Looking down on opportunities3. Lacking understanding4. Failing to act quickly enough

You are poor, because you have no ambition.

Ambition is living a life of great ideals; a magnificent goal in life that must be realized.

In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one's ambition determines the potential of one' future.

Jeff Bezos- Amazon Founder 1. Think long-term meaning 5 - 7 years, not 5 - 7

months.

2. It's ok to make mistakes but it's not ok to be timid.

3. Be first in a big market. It's easy to think now that Amazon was first in a big market, but people assumed at the time they were in a niche market facing established players. But Bezos always had grand ambitions for his company and saw the opportunity.