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".

Is this an entrepreneur or a businessman?

 Is this an entrepreneur or a businessman? 


When the leadership of an enterprise just stays at the level of "pursuing profits", you can hardly expect it to do some strategic measures that are beneficial in the long term but stressful in the short term. Such consequences are at the cost of the gradual loss of competitiveness under the cover of good-looking short-term statements.

When observing an enterprise, I often weigh my mind: is this an entrepreneur or a businessman? The latter completely takes economic interests as the highest pursuit, so you can do whatever you want; The former takes "industrial ambition" as the supreme goal, pursues his inner ideal, and keeps improving for ten years. When enterprise leaders have generally entered the stage that wealth is only a number after listing, when wealth can no longer become the driving force of their struggle, in addition to dreams, why can we expect them to fight? Therefore, the most basic foundation for the long-term development of an enterprise is its enduring loneliness and tenacious entrepreneurial spirit, as well as its industrial ambition of not being interested in quick money.

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