The refugee who went from rags to riches (twice)

Discussion in 'Wall St. News' started by dealmaker, Dec 6, 2020.

  1. dealmaker

    dealmaker

    The refugee who went from rags to riches (twice):If you walk into a donut shop in California, chances are it's owned by a Cambodian family. That's because of Ted Ngoy, a refugee who built up an empire, sponsored more than 100 other Cambodian shop owners, and became known as the Donut King ... only to lose it all. "If you could turn the clock around, I would do that," he says. "The past I cannot change, but I learned the heavy way." If you read one thing this week, let it be this.(BBC)

    "I never back down. Never give up. Never surrender.
     
  2. I'm not into Star Wars, but there is such a thing as the Rule of Two in that universe. I have experienced this in real life. I had won big buying a particular stock setup. The next year, I won big again using the exact same setup. After that, the setup never appeared again...

    In China, they have a saying, "good things come in twos" (or repeats twice).
     
  3. Pekelo

    Pekelo

    Have you ever wondered why half of the nail salons are run by Vietnamese people? Wonder no more:

    Tippi Hedren

    In 1975, actress Tippi Hedren brought her personal manicurist, Dusty Coots, to teach her trade to a group of 20 Vietnamese women in a California refugee camp.

    In Nailed It, director Adele Free Pham — whose father is a refugee from Vietnam — explores how Vietnamese entrepreneurs came to dominate the nail salon business in the United States.
     
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  4. Pekelo

    Pekelo

    Have you ever wondered about the US motel industry? Wonder no more:

    "The success of Patel and his family mirrors the rise of Indian Americans in the U.S. motel industry. About half the country's motels are now owned by Indian Americans. A majority of these owners are from Gujarat state's industrious Patel community, leading them to be jokingly referred to as the Patel Motel Cartel."

    Convenience stores?

    " according to the Asian-American Convenience Store Owners Association its 50,000 members own over 80,000 convenience stores.

    That's more than half the US convenience store count of 151,282 as of Dec 31, 2013. These small retail businesses provide the public a convenient location to buy daily necessities (predominantly food and gasoline) and services."
     
    Last edited: Dec 7, 2020
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