Sunday

Nvidia founder Jensen Huang says he wishes ‘pain and suffering’ on Stanford students. Here’s why and what to learn from his rise

Commonwealth Magazine 
CC™ PerSpective

By Jing Pan

Words of wisdom from the self-made billionaire.

Huang’s light-hearted remark elicited laughter from the audience.

He continued, “I don't know what to tell you, that's life, and so you can't show me a task that's beneath me.”

Huang emphasizes his willingness to help others by sharing his approach to problem-solving. He states that his assistance is not about whether a task is beneath him but about being of service: by demonstrating his reasoning process on various challenges — whether they're ambiguous, incalculable, or seemingly daunting — he empowers others.

Resilience matters

Huang doesn’t hesitate to make bold statements. During another Stanford event, he made some intriguing remarks about expectations, pain and suffering.

Speaking at the Stanford Institute for Economic Policy Research last month, Huang was asked what advice he’d give to students to enhance their chances of success.

Rather than prescribing specific actions, he shared this insight: "One of my great advantages is that I have very low expectations."

Huang went on to note that low expectations aren’t typical among Stanford graduates — even though he himself is an alumnus.

“Most Stanford graduates have very high expectations, and you deserve to have high expectations because you came from a great school. You were very successful. You were top of your class. Obviously, you were able to pay for tuition. And then you’re graduating from one of the finest institutions on the planet. You’re surrounded by other kids that are just incredible,” he elaborated.

However, Huang highlighted a significant drawback to this mindset, stating, “People with very high expectations have very low resilience. And unfortunately, resilience matters in success.”

‘I hope suffering happens to you’

Huang believes that the ability to endure setbacks and suffering is crucial for success. However, he’s unsure how to effectively teach this resilience to students — it may be something they need to experience firsthand.

“I don’t know how to teach it to you except that I hope suffering happens to you,” he said.

He shared that, although he grew up in an environment that fostered success, he also faced many challenges. Within his company, he uses the term "pain and suffering" with glee, seeing such challenges as opportunities to strengthen and refine the character of the organization.

For Huang, true greatness in individuals comes from character, not intelligence, and character is shaped by experiences of adversity.

“And so if I could wish upon you — I don’t know how to do it — but for all of you Stanford students, I’d wish upon you ample doses of pain and suffering,” he said.

Put simply: no pain, no gain.

MONEYWISE

About the Author

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Friday

From gas to solar, bringing meaningful change to Nigeria’s energy systems


CC™ Energy News

MIT Energy Initiative

Growing up, Awele Uwagwu’s view of energy was deeply influenced by the oil and gas industry. He was born and raised in Port Harcourt, a city on the southern coast of Nigeria, and his hometown shaped his initial interest in understanding the role of energy in our lives.

“I basically grew up in a city colored by oil and gas,” says Uwagwu. “Many of the jobs in that area are in the oil sector, and I saw a lot of large companies coming in and creating new buildings and infrastructure. That very much tailored my interest in the energy sector. I kept thinking: What is all of this stuff going on, and what are all these big machines that I see every day? The more sinister side of it was: Why is the water bad? Why is the air bad? And, what can I do about it?”

Uwagwu has shaped much of his educational and professional journey around answering that question: “What can I do about it?” He is now a senior at MIT, majoring in chemical engineering with a minor in energy studies.

After attending high school in Nigeria’s capital city, Abuja, Uwagwu decided to pursue a degree in chemical engineering and briefly attended the University of Illinois at Urbana-Champaign in 2016. Unfortunately, the impacts of a global crash in oil prices made the situation difficult back in Nigeria, so he returned home and found employment at an oil services company working on a water purification process.

It was during this time that he decided to apply to MIT. “I wanted to go to a really great place,” he says, “and I wanted to take my chances.” After only a few months of working at his new job, he was accepted to MIT.

“At this point in my life I had a much clearer picture of what I wanted to do. I knew I wanted to be in the energy sector and make some sort of impact. But I didn’t quite know how I was going to do that,” he says.

With this in mind, Uwagwu met with Rachel Shulman, the undergraduate academic coordinator at the MIT Energy Initiative, to learn about the different ways that MIT is engaged in energy. He eventually decided to become an energy studies minor and concentrate in energy engineering studies through the 10-ENG: Energy program in the Department of Chemical Engineering. Additionally, he participated in the Undergraduate Research Opportunities Program (UROP) in the lab of William H. Green, the Hoyt C. Hottel Professor in Chemical Engineering, focusing on understanding the different reaction pathways for the production of soot from the combustion of carbon.

After this engaging experience, he reconnected with Shulman to get involved with another UROP, this time with a strong focus in renewable energy. She pointed him toward Ian Mathews — a postdoc in the Photovoltaic Research Laboratory and founder of Sensai Analytics — to discuss ways he could make a beneficial impact on the energy industry in Nigeria. This conversation led to a second UROP, under the supervision of Mathews. In that project, Uwagwu worked to figure out how cost-effective solar energy would be in Nigeria compared to petrol-powered generators, which are commonly used to supplement the unreliable national grid.

“The idea we had is that these generators are really, really bad for the environment, whereas solar is cheap and better for the environment,” Uwagwu says. “But we needed to know if solar is actually affordable.” After setting up a software model and connecting with Leke Oyefeso, a friend back home, to get data on generators, they concluded that solar was cost-comparable and often cheaper than the generators.

Armed with this information and another completed UROP, Uwagwu thought, “What happens next?” Quickly an idea started forming, so he and Oyefeso went to Venture Mentoring Services at MIT to figure out how to leverage this knowledge to start a company that could deliver a unique and much-needed product to the Nigerian market.

They ran through many different potential business plans and ideas, eventually deciding on creating software to design solar systems that are tailored to Nigeria’s specific needs and context. Having come up with the initial idea, they “chatted with people on the solar scene back home to see if this is even useful or if they even need this.”

Through these discussions and market research, it became increasingly clear to them what sort of novel and pivotal product they could offer to help accelerate Nigeria’s burgeoning solar sector, and their initial idea took on a new shape: solar design software coupled with an online marketplace that connects solar providers to funding sources and energy consumers. In recognition of his unique venture, Uwagwu received a prestigious Legatum Fellowship, a program that offers entrepreneurial MIT students strong mentoring and networking opportunities, educational experiences, and substantial financial support.

Since its founding in the summer of 2020, their startup, Idagba, has been hard at work getting its product ready for market. Starting a company in the midst of Covid-19 has created a set of unique challenges for Uwagwu and his team, especially as they operate on a whole other continent from their target market.

“We wanted to travel to Lagos last summer but were unable to do so,” he says. “We can’t make the software without talking to the people and businesses who are going to use it, so there are a lot of Zoom and phone calls going on.”

In spite of these challenges, Idagba is well on its path to commercialization. “Currently we are developing our minimum viable product,” comments Uwagwu. “The software is going to be very affordable, so there’s very little barrier for entry. We really want to help create this market for solar.”

In some ways, Idagba is drawing lessons from the success of Mo Ibrahim and his mobile phone company, Celtel. In the late 1990s, Celtel was able to quickly and drastically lower the overall price of cell phones across many countries in Africa, allowing for the widespread adoption of mobile communication at a much faster pace than had been anticipated. To Uwagwu, this same idea can be replicated for solar markets. “We want to reduce the financial and technical barriers to entry for solar like he did for telecom.”

This won’t be easy, but Uwagwu is up to the task. He sees his company taking off in three phases. The first is getting the design software online. After that has been accomplished — by mid-2021 — comes the hard part: getting customers and solar businesses connected and using the program. Once they have an existing user base and proven cash flow, the ultimate goal of the company is to create and facilitate an ecosystem of people wanting to push solar energy forward. This will make Idagba, as Uwagwu puts it, “the hub of solar energy in Nigeria.” Idagba has a long way to go before reaching that point, but Uwagwu is confident that the building blocks are in place to ensure its success.

After graduating in June, Uwagwu will be taking up a full-time position at the prestigious consulting firm Bain and Company, where he plans to gain even more experience and connections to help grow his company. This opportunity will provide him with the knowledge and expertise to come back to Idagba and, as he says, “commit my life to this.”

“This idea may seem ambitious and slightly nonsensical right now,” says Uwagwu, “but this venture has the potential to significantly push Nigeria away from unsustainable fossil fuel consumption to a much cleaner path.”

MIT News

Tuesday

China Tells Citizens To Flee Iran, Israel Amid Rising Conflict

CC™ PersPective

The Chinese government on Tuesday called on its citizens in Iran to leave the country “as soon as possible” as conflict between Iran and Israel escalated.

“The Chinese Embassy in Iran has coordinated with the Iranian side to facilitate outbound travel and reminds Chinese citizens currently in Iran to leave as soon as possible,” the Embassy said in an online post.

China also accused United States President Donald Trump of “pouring oil on the flames” after the US leader called on Tehran’s residents to “immediately evacuate.”

Following decades of hostility and a prolonged shadow war, Israel last week launched a surprise aerial campaign against targets across Iran, alleging it was acting to thwart Iran’s nuclear ambitions, a claim Iran strongly denied.

The escalation has raised fears of a broader conflict, prompting Trump to asked Iran to head back to the negotiating table after Israeli attacks disrupted ongoing nuclear talks.

Trump further issued an extraordinary warning on his Truth Social platform, stating: “Everyone should immediately evacuate Tehran!”

In response, Chinese Foreign Ministry spokesman Guo Jiakun said, “Fanning the flames, pouring oil, making threats and mounting pressure will not help de-escalate the situation, but will only intensify and broaden the conflict.

“The Chinese side calls on all relevant parties, especially those with special influence over Israel, to shoulder their responsibilities, take immediate measures to ease tensions, and avoid further escalation.”

On Tuesday, China’s Embassy in Israel also urged its nationals to leave the country “as soon as possible.”

“The Chinese mission in Israel reminds Chinese nationals to leave the country as soon as possible via land borders, provided their safety can be guaranteed,” the embassy said in a WeChat statement.

“It is recommended to depart in the direction of Jordan.”

The embassy described the conflict as “continuing to escalate.”

“Civilian infrastructure has sustained heavy damage, civilian casualties are on the rise, and the security situation is becoming more serious,” it said.

Monday

Fulani terrorists continue their ethnic cleansing orgy as the Nigerian government, the Sultan of Sokoto and Fulani Emirs stay silent

CC™ PersPective

By Bolaji Adedeji

As has become the norm, immense fear and anxiety has gripped residents of Tse Yange, a predominantly Tiv community in Obi Local Government Area of Nasarawa State, after suspected herdsmen launched deadly attacks over the weekend.

According to eyewitness accounts, the attackers rode into the village on motorbikes under the cover of darkness and unleashed terror and destruction, killing the village head and abducting an undisclosed number of residents.

Locals told CC™ News that the coordinated attacks lasted well into the late hours of Monday, leaving many injured and forcing several families to flee their homes in fear.

“They came heavily armed with military weapons and started shooting sporadically. It was like a war zone. We had to run into the bush for safety,” a resident said.

At the time of filing this report, the exact number of those killed, abducted or injured remains unknown, as security operatives and community members are still conducting headcounts amidst rescue efforts.

The Nasarawa State Police Command has yet to issue an official statement on the incident.

CC™ News reports that this is coming few hours after another group of Fulani terrorists from Nasarawa State attacked Yeletawa in Benue State, killing over 100 people and destroying houses.

Sunday

Southern Mexico Mayor shot dead in her office

CC™ PersPective

A mayor in southern Mexico was shot dead in her office on Sunday, in yet another deadly attack targeting local officials in the country.

According to police, four armed men on motorcycles stormed the town hall of San Mateo Piñas, located in the state of Oaxaca.

After threatening security officers at the entrance, the attackers entered the building and opened fire inside the office of Mayor Lilia García, killing her and another municipal official, Eli García.

Two municipal police officers were also injured in the attack.

“There can be no impunity for this act,” Oaxaca Governor Salomón Jara said on social media, condemning the violence.

The state prosecutor’s office confirmed it has launched an investigation into the attack, and both military and federal agents have been deployed to the area.

The killing is the latest in a series of violent attacks on local politicians across Mexico, particularly in regions where powerful drug trafficking groups operate.

The violence has not spared the capital, with two associates of Mexico City Mayor Clara Brugada murdered in public last month.

Since 2006, criminal violence, mostly linked to drug cartels, has claimed around 480,000 lives across Mexico. More than 120,000 people remain missing.

Saturday

As Usual Israel Can’t Fight Alone - Officially Asks US To Join The War With Iran

CC™ PersPective

By Ogaga Ariemu

Israel has officially requested its ally, the United States of America, to join in its ongoing escalation of war against Iran.

Spectacular Index disclosed this on its X account on Saturday.
“Israel officially requests the US join the ongoing campaign against Iran,” the media wrote on X.

This development comes as the conflict in the Middle East between Israel and Iran has intensified over the past 48 hours.

On Friday, Iran fired ballistic missiles targeting major cities in Israel in retaliation for Israel Defence Forces, IDF, attacks on its nuclear site.

Meanwhile, reports have emerged that Israel has launched a retaliatory strike on Tehran, threatening to ‘burn down’ the city.

Earlier, the Times of Israel reported that US President Donald Trump recently told Israel’s Prime Minister Benjamin Netanyahu that the US would consider striking Iran’s underground Fordo nuclear facility if such a move became necessary to prevent Tehran from acquiring a nuclear weapon.

DAILY POST