Focus on the longterm and avoid short-term thinking from "summary" of Principles by Ray Dalio
To be successful in decision-making, it is critical to focus on the long term and avoid short-term thinking. This means looking beyond immediate gains and losses and considering the broader implications of our actions. Short-term thinking can often lead to poor outcomes because it fails to account for the long-term consequences of our choices. By contrast, a long-term perspective allows us to see the bigger picture and make decisions that will benefit us in the future. When we focus on the long term, we are able to prioritize what truly matters and avoid getting bogged down by short-term distractions. This requires discipline and a willingness to delay gratification in favor of long-term goals. It also involves recognizing that suc...
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