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 essence of the market is supply and demand, the essence of business is competition, and the essence of investment is foresight.


 

The essence of the market is supply and demand, the essence of business is competition, and the essence of investment is foresight.

First of all, what is the market? There is a "market" only when there is a buy and sell transaction. The so-called "price without market" is a typical empty quotation but is unable to reach a transaction. However, more frequent and large-scale transactions naturally form a relatively fixed "market". So the market is a link between buyers and sellers. The buyer represents the demander and the seller represents the supplier. The relationship between the two determines the transaction status of this market, so the core of the so-called market research is the research of supply and demand.

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