In the short run, you can choose to overpower temptation. In the long run, we become a product of the environment that we live in.
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Optimism and pessimism go hand in hand. In finance, we are told to save like a pessimist and invest like an optimist. The short term is full of setbacks, problems, breakages, depressions, pandemics, errors, but if you can stick around long enough, you can experience long-term growth.
...Life is designed in such a way that we look long-term and live short-term. We dream for the future and live in the present.Β
Setting goals provides long-term vision in our lives.
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 youβll survive long enough to experi...
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