Balancing Short-Term and Long-Term Perspectives in Investing and Decision-Making

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Exploring the importance of managing short-term needs while focusing on long-term goals in investing and decision-making, with examples from venture capital and the Marshmallow Test.

Every great idea can be taken too far.

Take the notion that investors should ignore the short run.

It's important to recognize that the long run is just a collection of short runs, and capturing long-term growth means managing the short run effectively enough to ensure you can stick around for a long time.