• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Farnam Street Logo

Farnam Street

Mastering the best of what other people have already figured out

Members

  • Newsletter
  • Sponsor
  • Podcast
  • Articles
  • Log In
  • Become a Member
TweetEmailLinkedInPrint

The Knowledge Project Podcast Transcripts

[Outliers] Chung Ju-yung

On June 16th, 1998, an 82-year-old man climbed into the lead vehicle of a convoy of 50 trucks loaded with cattle. Behind him were 500 cows raised on a farm he’d reclaimed from the Yellow Sea. As the cows passed, Buddhist monks chanted and women in traditional hanbok dresses lined the road waving as the convoy rolled through the last village before the razor wire barrier separating North and South Korea.

The man in the lead vehicle was Chung Ju-yung, the founder of Hyundai. He was the first South Korean civilian to cross the border since the country was split in half. Four months later, he came back with 501 cows, 1001 cows total. One for the cow that he had stolen from his father 65 years earlier and 1000 for interest. 

Members Only content. If you have an account, log in here to access content and your subscription settings. Not a member? Join Us.

Articles

  • Mental Models
  • Decision Making
  • Learning
  • Book Recommendations
  • All Articles

Podcast

  • Latest Episodes
  • Organized by Theme
  • ChatBot

Books

  • Clear Thinking
  • The Great Mental Models
  • All Books

Newsletter

  • Archive
  • Sign Up

About

  • About Shane
  • Speaking
  • Inquire about Sponsorship

Farnam Street Logo

© 2026 Farnam Street Media Inc. All Rights Reserved.
Proudly powered by WordPress. Hosted by Pressable. See our Privacy Policy.

We’re Syrus Partners.
We buy amazing businesses.


Farnam Street participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising commissions by linking to Amazon.