Short-term vs Long-term - The I.G.Y. Foundation
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Short-term vs Long-term - The I.G.Y. Foundation
Be wary of the path of least resistance. It may look compelling in the short term but often proves less differentiating and defensible in the long term. Shortcuts tend to be less gratifying over time. The long game is the most difficult one to play and the most bountiful one to win.
Scott Belsky • The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture
Where a finite-minded player makes products they think they can sell to people, the infinite-minded player makes products that people want to buy. The former is primarily focused on how the sale of those products benefits the company; the latter is primarily focused on how the products benefit those who buy them.
Simon Sinek • The Infinite Game: How Great Businesses Achieve Long-lasting Success
If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Thinking in Years vs. Decades (e-Boys):
May Whitman (eBay): She thought in years and chose the capital-lite high-margin, internet-pure-play route
Jeff Bezos (Amazon): He thought in decades and chose the model that would best position him to win in the long-term by investing in the present in warehouses & fulfillment centers that would give his
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