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".

Higher animals are a unity

Higher animals are a unity 

At the inorganic level, there is no integration. Dividing and re-dividing these inanimate substances will not lose their quality or form, because, at this level, there is nothing to lose. Even at the plant level, its internal unity is very weak. Even if some parts of the plant are removed, it will not affect the survival of the plant, and it can grow into independent plants. In contrast, animals are more integrated. As a complete biological system, higher animals are a unity. If it is separated, its parts cannot survive independently. However, the level of integration of these animals' spirits is not high, and even the most advanced animals are quite limited in terms of logic and consistency; In general, their memory is weak, and their intelligence is ambiguous.


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