Sublime

In the long term, the full flow is important and, as the physical economy grows and society’s “ecological footprint” expands, the long term is increasingly coming to be the short term.

Most big foundations want their programmes to achieve impacts within a three-to-five-year time frame, mainly because this is the typical lifespan of boards and CEOs. Companies often develop strategies and change programmes with a similar timeline and for similar reasons.

It's easy to start debates about appropriate time horizons for calculating earnings growth. Five years worked for us. We were always poised to react to events that occurred in a shorter time frame, but, ultimately, long-term financial results drove Windsor's long-term investment performance.

For me, the ideal scenario is that I get the principal back in one to two years.

The typical time horizon for a product team’s north star, or long-term vision, is three to four years out. Usually it’s a document describing like what the world will look like and what the user experience should be like and what’s different from today.