6 min listen
Play Long-term Games With Long-term People
FromNaval
ratings:
Length:
6 minutes
Released:
Mar 19, 2019
Format:
Podcast episode
Description
Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game. • Play long-term games with long-term people 0:00 • When you switch industries, you're starting over from scratch 2:21 • Long-term players make each other rich 4:02 • Returns come from compound interest in iterated games 4:49 Transcript: http://nav.al/long-term
Released:
Mar 19, 2019
Format:
Podcast episode
Titles in the series (100)
Pick a Business Model With Leverage: Ideally, you should pick a business model with network effects, low marginal costs and scale economies. by Naval