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".

Investment and enterprise management are both great learnings

Investment and enterprise management are both great learnings

 Investment and enterprise management are both great learnings, each with its own specialty. As an investor, the most important thing is not to act as various second-hand industry experts and consultants, but to measure whether the development situation of the enterprise is clear and understandable and the risk is controllable. This is just like the opposite, a good industrial management expert is not necessarily a successful securities investment, the two need different abilities. Of course, enterprises that are fully persuasive and support their own judgments are good investment targets. For companies that are vague, incomprehensible, and do not match their industry and business understanding, there is no need to put themselves in the position of general manager to assume, just give up.

Since the growth prospect of the enterprise is a "future time", it is inevitable that there will be various opinions and opinions in the market. For investors, it is necessary to find a suitable object to discuss, but don't fall into the debate - the purpose of the debate is to persuade the other person, and the significance of the discussion is to find their own thinking blind spots: the debate pays attention to skills (avoiding sharp edges, changing concepts, provocation, etc.), and the discussion pays attention to substance: the debate is often to find reasons to maintain face when there are conclusions and positions, The discussion is to hold an open attitude and seek a deeper understanding. In short, never waste precious energy debating three things: religion, politics, and investment.


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