It is a very simple idea to use the power of compound interest

It is a very simple idea to use the power of compound interest  Smart people are easily attracted by complex things, and underestimate the great influence and importance of simple ideas. But Monish Pabrai is a full pragmatist, and he will not fall into this trap. "It is a very simple idea to use the power of compound interest, a very simple idea to imitate, and a very simple idea to be honest." He said. However, when you apply some powerful ideas with great enthusiasm, the cumulative effect is "incomparable".

For fun or for money?


     I divide the stock market participants into two categories: "play" and "want to solve problems". Duan Yongping divides them into "for fun" and "for money", which are the same. The advantage of "play" is that the risk is limited and you won't jump off a building if you fall; The disadvantage is that rising does not solve any problems.

    It doesn't matter what to buy or sell one day. The most important thing on the road to successful investment is the appropriate investment concept, planning, and persistent execution.

    People can easily find contradictions in their lives. For example, some people complain about the government's policy of restricting the purchase of the real estate, because they deduce that prices will rise, but they will never buy cheap real estate stocks, even though there are no restrictions on the purchase of real estate stocks because they feel the existence of bubbles in real estate. This contradictory behavior even happens to the same person. Another example is the "money shortage" in the banking industry last month. Some banks offer financial products with an interest rate of 10%. People who grab banks to buy financial products with money will never buy bank stocks that fall below the net value. The two sides of this behavior show that, on the one hand, I don't think banks will fail at all, on the other hand, I think something will happen to the banking industry.

    Take a look at the life wisdom summarized by Mr. Yang Jiang, 102: "We were so eager for the waves of fate. In the end, we found that the most beautiful scenery of life was inner calmness and calm... We were so looking forward to the recognition of the outside world. In the end, we knew that the world was our own and had nothing to do with others."


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