Play Long-term Games With Long-term People

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