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Thinking Long-Term and Efficient Capital Allocation
Individuals aiming to leave a legacy think on a multi-decadal or multi-century timescale, compared to companies optimizing quarter over quarter. Exceptional capital allocators can allocate capital to long-term goals like space exploration, leading to significant advancements. Efficient capital allocation by billionaires can unlock more capital, serving as a proof of stake voting system, unlike politicians who get elected based on oratory skills rather than efficiency in capital allocation.