Use short term games to build long term assets
Summary
- Use short term games to build long term assets, such as trust or good habits
Details
- losing in a short term game is not an issues, so long as you lose in a way that you will be back to play tomorrow
- Strategy is to build in the long term
References
Quotes
Use short-term games to build long-term soft assets like trust or habits.
• Play iterated games, embracing the fact that you’ll probably be back tomorrow.
• Take intentional risks, but don’t expose yourself to the chance of losing your core assets.
You might lose a short-term game but lose in a way that makes it likely you’ll be invited back. No tantrums, no bridges burned.
A successful strategy lines up games with intent, seeking out the sorts of interactions that build over time instead of waiting for the phone to ring and doing whatever the world decides is next on your agenda.