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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Shirking responsibility is also a common situation in the stock market

 Shirking responsibility is also a common situation in the stock market

Shirking responsibility is also a common situation in the stock market. The typical performance is to complain about others, comfort yourself, never face up to the reasons for your failure, and always habitually look for external excuses. It is difficult for a person who does not know self-examination to grow and survive in the stock market. Psychologically, people naturally resist admitting their failure. Failure will bring pain, and finding someone else's excuse can alleviate this pain, which is actually very typical. But I fear most in the stock market are deceiving myself and others. Admitting that the reason for failure comes from my temporary frustration, but this behavior also brings hope for improvement. In fact, people don't need to lie to themselves. The market is also bustling, and no one will pay attention to your feelings and face. Overcoming this discomfort will eventually win real respect, and constantly pushing and explaining can only make you weaker and fail.

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