Naval Play Long-term Games With Long-term People
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Mar 19, 2019 Exploring how to navigate long-term relationships, the discussion reveals that choosing the right industry can enhance trust and collaboration. Switching industries often means starting over, while forming enduring partnerships leads to mutual wealth. The concept of compound interest is likened to long-term games in life, indicating that patience and reliability yield the best returns. Emphasizing the value of consistent connections, listeners learn how investing in people pays off over time.
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Long-Term Games
- Pick an industry where you can play long-term games with long-term people.
- This allows for trust and compounding returns.
Compound Interest
- All benefits in life come from compound interest, whether in relationships, money, or knowledge.
- Compounding requires time and consistency to achieve substantial growth.
Trust and Long-Term Games
- Long-term games build trust, essential for cooperation and success.
- Iterated interactions, like in Silicon Valley, allow for trust to develop, but large potential gains can tempt betrayal.