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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Life is short, and the things that can be accomplished are limited

Life is short, and the things that can be accomplished are limited 

We all like Santa Claus when we were young because Santa Claus will meet our wishes, or at least pretend to promise to fulfill our wishes.

However, even if we like Santa Claus so much, no one wants to become Santa Claus himself. Among all kinds of immortals, maybe some people want to be the Jade Emperor, some want to be the monkey king, and others want to be the pig Bajie, but few want to be Santa Claus. Because every year we have to meet everyone's wishes on time, hang up socks, and want to ask you for something, but no one cares what Santa Claus wants at all. If he is so busy in the distant snow country that he has a stroke, will half a child know and rush all the way to save him? What is there to yearn for in this kind of work strangled by others' wishes all day and strives to make everyone happy?

Life is short, and the things that can be accomplished are limited. Your parent's expectations of you and your own wishes cannot be fulfilled. You must allocate your mental energy according to your priorities.

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