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".

The compound interest effect is not limited to the field of capital

The compound interest effect is not limited to the field of capital 


"All the rewards in life, whether wealth, interpersonal relationships, or knowledge, come from compound interest." How to judge whether you have obtained compound interest?

The concept of compound interest is very rich in connotation. The concept of compound interest comes from capital, but it is more than that. The compound interest effect is not limited to the field of capital.

The compound interest effect in business relations is very important. Looking at the top roles in society, why can some people serve as CEOs of listed companies or manage billions of dollars? This stems from others' trust in them. The reason why they can be trusted is that their interpersonal relationships and careers have a compound interest effect. They devote themselves to the cause in an extremely intuitive and responsible way and prove their integrity and high integrity to the world.

There is also a compound interest effect on personal reputation. If a person has a good reputation and continues to build and accumulate his reputation for decades, he will be concerned and valued. If a person is talented but does not take advantage of the compound interest effect of reputation, by contrast, the value of people who pay attention to reputation will be thousands of times higher.

The same goes for working with people. If you have worked with a person for 5 or 10 years and still enjoy it, then it is obvious that you trust him. Even if there are minor shortcomings, there are still shortcomings. In business relations, with mutual trust, all conventional negotiations can be simplified, because you know that cooperation will succeed.

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