How to Do Long Term - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 6 ideas

How to Do Long Term

collaborativefund.com

Long-term thinking

Long-term thinking is more challenging than most people imagine. It is then also more lucrative than many people think.

The long run consists of a collection of short runs that you have to put up with: recessions, bear markets, meltdowns and surprises. Ins...

11

STASHED IN:

204

Dan Quisenberry

"The future is much like the present, only longer."

6

STASHED IN:

117

Your investors, coworkers, spouses and friends have to sign up for the ride. Being right is one thing. But you also need to be able to convince those whose support you rely on.

An investment manager who loses 40% can tell his investors, "We're in this for the long run,...

3

STASHED IN:

109

The world constantly changes, which makes changing your mind essential. Long-term thinking can become a crutch for those who are wrong but don't want to admit that something used to be true, but the world moved on from there.

Doing long-term thinking means identifying when you're patient o...

6

STASHED IN:

114

You may feel that everything will be fine if stocks fell 30%. You may even see it as an opportunity.

But stocks fall 30% because there's a collapse, a terrorist attack, or a pandemic. In that context, you may instead switch to a survival mindset and not have the endurance ...

3

STASHED IN:

107

A long term horizon with a set end date is as reliant on chance as a short time horizon. You don't know what the world will look like in ten years' time.

A superior view has a flexible end date. It is true that time is compounding's magic. But the odds of ...

2

STASHED IN:

108

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: