It is a very simple idea to use the power of compound interest

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".

Convergence problems and divergent problems

 Convergence problems and divergent problems

We know that there are problems that have been solved and problems that have not been solved. Perhaps we think that the former is not a problem; But when it comes to the latter, are there still problems that have not been solved or even can not be solved at all?

First, let's take a look at the problems that have been solved. Take a design problem as an example. For example, how to make a two-wheeled human transport? People have put forward various solutions, and these solutions are converging day by day. Finally, a design scheme stands out, which is a bicycle. As a result, this answer will be handed down forever. Why does this answer last forever? Because it conforms to the laws of the world - the laws of the inanimate nature.

I intend to refer to problems of this nature as "convergence problems". The more you study them rationally, the more these answers will come together. These problems can be divided into "convergence problems that have been solved" and "convergence problems that have not been solved". The word "not yet" is very important because, on the whole, they will eventually be solved. Everything takes time, but the time has not come to solve these problems. What is needed is more time, more R & D funds, and perhaps more talents.

However, there are also many capable people who are ready to study a problem but have come up with contradictory answers. They do not come together. On the contrary, the more they are clarified and the more their logic is strengthened, the more divergent they become until some of the answers seem to be just opposite to others. These are divergent problems.


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