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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Develop the habit of taking immediate action

 Develop the habit of taking immediate action



It is very easy for everyone to overestimate "tomorrow's self" rather than grasp the present self.  Many things are put off until tomorrow or the next second. Therefore, procrastination began, because the future seems to be infinitely long when you are young, but when you reach the age of 60, you suddenly find that you have achieved nothing.

So, when you decide to do something, don't make excuses for yourself. It takes several days to make a plan. In fact, all the plans are adjusted by yourself. Just take 5 minutes to write down what you want to do, and then start with the easiest one.

Keep this in mind: it's now or never. In our dictionary, words like "later" or "tomorrow" actually mean "never". Never say anything like "fresh start" or "tomorrow is another day". It's now or never, never tomorrow, and never next second! Take action now, never wait until tomorrow, never wait until the next second

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