Naval

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…