"We're going to make what we can do in a day and underestimate what we can achieve in a decade," he says. "If you give it 10 years, a long game will compound small gains that will be able to overcome even big mistakes" The most you can ever lose is 100% unless you're doing some crazy silly thing. But the most you can make is infinite. And if you do the math, losing is so overrated and not worthy of the fear people accorded.
Not all advice is excellent, and not all futurists are right. But Kevin Kelly, Founder and Senior Maverick of Wired Magazine, is the exception on both fronts. Today he returns to Rule Breaker Investing to share his optimistic take on the generous nature of the universe and our place in it.
- (00:11:57) The Magic of Compounding
- (00:17:50) Why the Size of your Balcony Matters
- (00:20:45) Choosing Optimism
- (00:29:40) Ending Meetings Early
- (00:31:35) Saints and Superheroes
- (00:40:35) Underestimating Long Term Possibilities
- (00:45:18) Choose Options that Open Up More Options
- (01:00:37) The Cheapest Possible Therapy
- (01:06:38) Inevitable Updates
Companies Mentioned: AMZN, IRBT, ATVI, GOOG, BRK
Host: David Gardner Guest: Kevin Kelly Producer: Rick Engdahl