What is a long term mindset?

A long term mindset involves focusing on the larger picture and prepared to endure short-term challenges in pursuit of long-term goals. Here are insights from various experts on what it entails:

1. Navigating Short-Term Challenges: Being genuinely long term means experiencing and enduring short-term volatilities, risks, and setbacks. It isn’t about ignoring the short term but rather managing one's behavior and expectations over periods ranging from months to years. It's important to realize that claiming to be long term is different from actually embodying it 1.

2. Adapting and Experimenting: Successful individuals often run quick, small experiments to refine their paths rather than sticking rigidly to long-term plans. This agility allows for adjustments based on feedback and changes in the environment 2.

3. Avoiding Immediate Gratification: Long-term thinking helps make more rational decisions and keeps one calm and collected. It discourages the immediate reactions often driven by short-term incentives, leading to better overall decision-making and stability 3.

   • 

     1

     Long-Term Thinking

     01:20:02
   • 

     2

     Long Term Perspective

     00:52:58
   • 

     3

     Long-Term Mindset

     00:09:19
   • 

     4

     Long-Term Thinking

     01:31:47
   • 

     5

     Long-Term Thinking

     00:26:13

4. Holistic Approach: Long-term thinking should permeate various aspects of life, such as relationships, health, career, and investments. It's about applying the concept of compound interest—small, consistent efforts that accumulate over time 4.

5. Cultural and Societal Perspective: Societal structures and institutions often fail at long-term planning due to short political cycles and election pressures. This disconnect highlights the challenge of fostering a long-term mindset on a larger scale 5.

Overall, adopting a long term mindset means prioritizing sustained efforts, flexibility in approach, and resilience against short-term disruptions.