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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Whether this business needs to be smart once or always

 Whether this business needs to be smart once or always



Buffett said that when buying enterprises, he would evaluate "whether this business needs to be smart once or always". I think investment also faces such problems. Different investment tendencies may lead to some ways that only need to be smart a few times, while others must be smart soon. I like those decisions that can be smart enough to manage for a long time at one time. It not only brings better returns but also avoids a lot of trouble and pressure. And the future dominant enterprises just embody apparent advantages in this regard.

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