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 stock market follows a certain law of nature

the stock market follows a certain law of nature 



If the stock market has any eternal characteristics, then I think it is a cyclical movement. I even believe that periodicity is not only a feature of the stock market but also an important feature of the real economy and even the development of human society.

One of the basic reasons for losing sense in the stock market is to forget the periodicity of the market. People are often in the cycle without knowing it, blinded and encouraged by the surface phenomena shown in the cycle, and believe that what they see will last forever. The stock market may be full of unpredictability, but at least in this regard, the stock market follows a certain law of nature. Just like the sun always rises in the darkest moment, and then illuminates the earth to bring light and warmth. With the approach of noon, the sun will also reach the cyclical peak of its operation in the maximum sunshine intensity, and begin to tilt downward and westward when people are not aware of it. Then darkness began to sweep away the afterglow of the sun, and darkness reigned over the earth again. But no matter how long the night will be, the sun will still rise again.

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