Importance of long term thinking?

Tim Ferriss has discussed the importance of long-term thinking across various contexts. Here are some key insights:

1. Career and Relationships: Tim Ferriss often emphasizes the value of aligning short-term actions with long-term goals. He mentions a principle from Naval Ravikant, "if you wouldn't work with them for a lifetime, don't work with them for five minutes" 1. This underscores making decisions that align with long-term relationships and values.

2. General Life Approach: Naval Ravikant discusses the overstimulation of cheap dopamine in modern life and argues that long-term thinking in areas such as relationships, health, and investments can significantly improve life quality. He points out that choosing hard yet valuable decisions (e.g., healthy habits) pays off in the long run 2.

3. Project and Civilization Scale: Kevin Kelly, discussing the Long Now Foundation, advocates for thinking beyond immediate results and considering generational or civilizational impacts. The foundation strives to foster initiatives that may take decades or even centuries to come to fruition, promoting a broader historical perspective and encouraging visionary projects 3 4.

   
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4. Financial Strategy: Edward O. Thorp provides investment-related advice, stressing the importance of holding equities for 15-20 years or more for significant returns. He introduces the "4% rule" and "2% rule" for sustainable withdrawals, advocating for a predominantly equity-focused portfolio to ensure long-term growth and financial stability 5.

By adopting long-term thinking, individuals can align their immediate choices with broader, sustained outcomes across various domains such as career, investments, and personal growth.