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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It is a free choice to be an investor or a gambler in the stock market

It is a free choice to be an investor or a gambler in the stock market



 Many people say that the stock market is like a casino. For many people, the stock market is indeed a casino. But in my opinion, casinos do not need "games" at all. Casinos are where gamblers go. Even a deck of playing cards and a few stones can be gambled. It is easier to gamble in the stock market, and various institutions have meticulously launched a variety of gambling tools in order to better serve "gamblers"; If stocks are not enough to play, then stock index futures. If convertible bonds and general funds are not enough to play, then leverage funds. If domestic funds are not enough to play, then open accounts in foreign markets.

I often say: that it is a free choice to be an investor or a gambler. The stock market is a mirror: if you see inside information every day, you will become a news chaser; What you see every day is gambling, then you will become a gambler: what you see every day is the moving average index, then you will become a trader; What you see every day is a business operation, so you will become an investor. No one has stipulated what must be done in the stock market. we plant "cause" and receive "fruit", that's all.

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