Naval on Smash Notes

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 Full show notes and transcript:

Episode notes last updated on April 08, 2019 04:57


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