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".

The most difficult thing in investment


   Investment is a family financial arrangement worth considering. No matter how we experience the wind and rain, we will plant good seeds. Under careful protection and timely care, we will thrive. After waiting patiently, we will blossom and bear fruit, giving us the opportunity to live a healthy life and shade future generations. Perhaps many people feel that this way is not stimulated by getting rich overnight. In fact, there are a few brilliant days in investment. Most of the time is lonely, dull, and even depressed. We have seen the results of seeking stimulation. Like everyone else, we have experienced roller coaster ups and downs, which shows that we are ordinary people. We don't even know whether to rise or fall tomorrow, which disappoints the people who ask, but it doesn't matter. Life is like a marathon, or Walter's sentence: whoever lives, he can see.

     In the process of investment, Jinshi's perseverance and quiet mind are indispensable. The real significance of investment is that excellent enterprises can create employment opportunities for the society, increase taxes for the country, provide satisfactory products or services for the public, and maximize the value of investors.

    With Buffett's example of 10000 times in 40 years, the public seems to think that stocks are a shortcut to getting rich. In fact, the biggest trap of stock investment lies in its "seemingly low threshold". Buying a house may cost hundreds of thousands of yuan, running a business is more troublesome, and buying and selling stocks for 1000 yuan or less can start. Zhang Zhixiong of Shanghai mentioned that "investment is not simple", but the public does not believe in evil. They basically have to try. As a result, there are many people who have not achieved anything in 10 years. It's not terrible to fail in the first step on the wrong road. What's terrible is that the first step on the wrong road succeeds, which often takes a lifetime.

   This is the worst time, this is the best time, this is the time when disappointed people feel desperate, and this is the time when dreamers find hope.


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