A Quote by Bill Maris
Humans are terrible at predicting the future. We really overestimate what we can do in the short term and underestimate what we can do in the long term... If we can glimpse even a couple of years into the future, even that's difficult to do.
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The most common misunderstanding of disruptive innovations is to overestimate their impact in the short term and underestimate it in the long term. Another common misunderstanding is to associate disruptive with good.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
I find that predicting the course of our lives is like predicting the weather. You might be able to predict your future in the short term, but the longer you look ahead, the less likely you are to be correct.
Unless you invest in people, you are not going to see growth in the long term, the medium term, and maybe even the short term.
Crowdpac is what I'm passionate about. I want to see it develop and grow, and I'm not really thinking anything except a long-term future for this business - but more importantly, for what this business can do for the long-term future of America.
Short term political calculations of the past must give way to long-term investments for the future.
People overestimate what they can accomplish in the near term and underestimate what they can accomplish in the long term.
Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.
Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with the penalties for poor short-term performance, the long-term view may well be from the unemployment line ... Relative-performance-oriented investors really act as speculators. Rather than making sensible judgments about the attractiveness of specific stocks and bonds, they try to guess what others are going to do and then do it first.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
People tend to overestimate the short-term impact of technological change. In the short-term, it's not going to make that much of a difference.
We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.
Our goal is long-term growth in revenue and absolute profit - so we invest aggressively in future innovation while tightly managing our short-term costs.
How can we trace out the links between actions that people take today and really long-term outcomes for humanity - outcomes that stretch out indefinitely into the future? I call this effort macrostrategy - that is, to think about the really big strategic situation for having a positive impact on the long-term future. There's the butterfly effect: A small change in an initial condition could have arbitrarily large consequences.
With my eyes closed, I ask if she knows how this will all turn out. "Long-term or short-term?" she asks. Both. "Long-term," she says, "we're all going to die. Then our bodies will rot. No surprise there. Short-term, we're going to live happily ever after." Really? "Really," she says. "So don't sweat it.
Angela Merkel has been focused on the right things. She has focused on the interests of her citizens - and not just in a narrow, short-term way, but in a very thoughtful - Let's make the world a better place for future generations as well - kind of way. Whether it's about climate or migration, she's not afraid to look at the longer-term trendlines and say, OK, we need position ourselves here, even if it doesn't seem obvious - this is the direction we need to go in. People respect that in Merkel, that a politician has a vision for the long term.
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