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".

Knowledge is not power

 Knowledge is not power


Knowledge will not attract money automatically. Only by organizing knowledge and guiding it in a practical and planned way can we advance towards the goal of accumulating wealth. It is precise because of the lack of understanding of this fact that people mistakenly believe that "knowledge is power". In fact, this is nothing at all! Knowledge is only a latent power. Knowledge can become power only if it is combined with a clear plan of action and a clear purpose.

In today's civilized society, such "disconnection" in the education system can be seen everywhere because educational institutions fail to teach students how to organize and use knowledge after they understand it.

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