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".

Here I tell you what is value investing

 Here I tell you what is value investing

 Value investment needs to be understood through long-term and arduous study, a large amount of compound knowledge is understood, and its own rigorous methodology is gradually formed. It is not the thinking that can be established by reading a few boastful "Chicken Soup for the soul". To tell the truth, I think the threshold of value investing is really high, and there are high requirements for IQ, thinking mode, temperament, and acting ability.

Value investment is just an idea and systematic method. Its purpose is to enable people to make sustainable profits with a high probability on the premise of effective risk control. There are many keywords in this sentence, such as effective risk control, high probability, and continuous profit, but it never guarantees that you can make a quick profit. Buying blue-chip shares make profits, holding them for a long time makes profits, and always makes more profits than others. These are all created by people who do not understand "value investment".

You bought something worth ten yuan with five yuan, but you still have to fight like hell? Not at all, right? But the heart should be very happy and calm, right? What is it to you that others make money? There are people in the market who earn more than you and lose less than you every day. Aren't you happy? People's money is not in your way, so what do you care about?

As for saying that you just don't believe that someone can make money by listening to the news and following the trend, it only shows that you don't know what investment and sustainable profits are. A person with investment acumen can quickly understand that playing with technology, listening to the news, and following the trend is "death" for long-term investment, so he can make his own investment in a down-to-earth manner. Without this wisdom (especially after reading many classic investment books, I still can't understand it), there are only two ways to go: either, admit that I am not suitable for investment, entrust the funds to professionals for management, or invest in fixed investment index funds; Or you can try it yourself. Maybe you can understand it by falling a few more big somersaults - just hope it's not too late.

Don't talk about the big truth. Many times, value investment is becoming psychological counseling. This is very ridiculous. There is no way out of investment except to read and learn more. All the confusion, confusion, and tangled solutions are in the book. As for whether you believe it or not, it depends on yourself.


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