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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Do not predict the market

 In fact, there are different styles in the field of value investment, and there are obvious differences in the tendencies of famous investment masters on some specific issues. But almost all investment gurus will have two exactly the same advice:

First, do not predict the market;

Second, do not trade frequently.

Forecasting the market and frequent trading are basically the most typical characteristics of ordinary shareholders. It can even be said that as long as these two foolish acts can be avoided, there is hope to defeat most people in the long run.

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