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