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".

Set a price for your time

 Set a price for your time

Most people waste their time on short-term thinking and useless heavy work. Buffett will use one year to judge, and then one day to take action. His actions in one day can affect the future decades.

Set a price for your time and calculate the value of time with your hourly salary. If the time saved by spending money is more valuable, spend money and don't hesitate. If you want to really make money, you must first believe that you are very valuable.

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