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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The differences between excellent investors and the losers

 The differences between excellent investors and the losers

One of the most obvious differences between those who have achieved excellent investment performance and the public losers is that successful investors spend most of their time observing and thinking, and only choose a few opportunities with high certainty and great returns once they win. They are rational and good at calculation, patient but full of action when the best situation occurs. On the contrary, the "vast majority of people" spend most of their time trading frequently and don't know what is the real good opportunity and how to usher in the most favorable situation. The best investment opportunity is wasted in this blind and arbitrary behavior.

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