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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It is impossible to have wealth simply by expectation

It is impossible to have wealth simply by expectation



 When everyone reaches the stage of understanding the importance of money, he hopes to have it. It is impossible to have wealth simply by expectation. However, if you have a strong desire and can turn this desire into a persistent pursuit, then you can formulate a clear method and way to obtain wealth, and use the attitude and perseverance of never giving up before reaching the Yellow River as a strong backing, then anyone can succeed!

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