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 not a flat race, but a vertical climb.

 Investment is not a flat race, but a vertical climb.


Being faster than others does not mean success, because a slip and fall can erase all achievements. For a peak with almost no end, leading means little. The most important thing is to ensure that every action conforms to safety specifications and avoids dangerous lines and adverse environments. It's the stupidest way to forget the cliff under your feet in order to win the periodic ranking.

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