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

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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".
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What is private equity？


A private equity fund is a special kind of fund.

It is a non-public offering, which is different from the public fund we are familiar with.

Public funds, as the name suggests, are funds that can be introduced publicly.

You can see it in many banks or fund sales platforms. It's also easier to buy. Most friends are qualified to buy.

Private equity funds cannot be introduced publicly, but only for specific investors.

Therefore, not everyone can buy it. Only "qualified investors" can buy it.

What is a "qualified investor"?

For our individual investors, there are two requirements:

Have corresponding risk identification ability and risk tolerance, and the amount invested in a single private placement fund shall not be less than 1 million yuan.

The financial assets of an individual shall not be less than 3 million RMB, or the average annual income of an individual in the last three years shall not be less than 500000 RMB.

Only those who meet the above conditions can invest in private equity funds.

Therefore, private equity funds can not be bought by anyone. They are mainly suitable for friends with large assets.

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