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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In investment, the judgment and firm execution of this kind of large cycle are very critical


In investment, the judgment and firm execution of this kind of large cycle are very critical.

 Hesitation when decisions need to be made and cleverness when there is no need to use more brains are the enemies of excellent investment results. Firmly believe that this cyclical trajectory of fluctuations and recovery gradually increases the strength to enter the market when it is cheap enough, gradually reduces the position in the market at the time of obvious overestimation or incomprehensible valuation, and firmly implements this simple strategy.

No matter how wonderful and imaginative the current market is, remember that all the feasts will end at the end of the day. No matter how sad and desperate the current market is, we should believe that once the deviation between value and price reaches an extreme level, it will inevitably return. Don't try hard to predict what will happen next, and don't try to wait for someone to give you a definite signal of action. Just simply remember a simple and eternal truth: compound interest limit, mean return; Yin and Yang reincarnation, good times come.

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