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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Investment is used to make life better and fuller

Investment is used to make life better and fuller

 I always think that investment is used to make life better and fuller. Making money is just a passing thing. Therefore, I have very few fixed working hours in my daily life (a large amount of time will be invested periodically in special periods, such as finding a good company or a big opportunity in the market). A lot of time is used for traveling, walking, reading, watching movies, accompanying family members, and all kinds of casual pastimes. I think for people who are basically mature in investment, the marginal contribution of effort to investment performance is not strong (it is very strong for newcomers). The most important thing is to maintain high-quality thinking and long-term physical and mental health.

In the final analysis, making money is only a means, not an end. There is a saying I agree with very much: the only success in life is to spend this life with the people you like in the way you like. Everything else is not that important.

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