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Status: Tags: Links: Happiness - Thinking

Long Term Thinking

If the outcome is intended for long-term, why the fuck should we care about the short-term outcomes????

Principles

• Stop putting extreme emphasis on temporary, single-occuring events. Instead, think about behavior that will benefit your future self
• Aim to make progress consistent and sustainable

Benefits

• Mitigates the impact of catastrophic events
  • Stocks crashing, crap day
• Helps us be more Rational about outcomes
  • ex) We feel better if we go from a loss of $1000 to a loss of $100 rather than a win of $1000 to a win of $100
    • However, when looking at it as if it happened in the past, we will be far happier to have the latter outcome as we had actually won money

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