Long-term and short-term thinking - Deepstash
The Philosophy Of Alan Watts

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The Philosophy Of Alan Watts

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Long-term and short-term thinking

Long-term thinking is difficult to put in action because the long run is a collection of short runs that have to be handled, displayed, and used as information to gauge whether a long-term reward still exists.

Short-term thinking can be the only way you’ll survive long enough to experience long-term results.

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How we think about risk and opportunity

It’s impossible to think about risk and opportunity without a reference point. And ours is at most incomplete (if not totally wrong).

Everything we think about risk and opportunity is shaped by our own specific situation and personal experience. So everybody has a view of risk shaped by ...

152

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Underestimating the odds of change

A fair evaluation of how uncertain the future is would make most people refuse to get out of bed every morning. Nothing would get done in the world if people were only driven by the accurate probability of their future success.

A little blindness, a little over-optimism, and a little den...

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Some downsides are unavoidable

Some downsides are unavoidable

Life is a little easier if you expect a certain chunk of it to go wrong no matter how hard you try.

Smart people screw up. Good people have bad days. Nice people lose their temper.

202

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michelleyaa

Don't be a boss, be a leader.

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Other curated ideas on this topic:

Long-term thinking

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...

They Think Long Term and Promote This Thinking

They Think Long Term and Promote This Thinking

They prioritize long-term gains over short-term wins even if that is unpopular and causes immediate pain. They do that because they realize that it takes time to achieve key results.

The pursuit of short-term gains can harm your long-term strategy. Winning, in the long run, requires letting...

Short and Long Term Regrets Of Decisions

  • In the short term, people experience more regret from ‘errors of commission’ (taking an action that leads to a disappointing outcome).
  • In the long term it is actually ‘errors of omission’ that lead to more regret –...

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