A Quote by Mignon McLaughlin
We are like people with short-term leases on summer cottages; we can never seem to make our provisions come out even with our stay.
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Human decision-making is complex. On our own, our tendency to yield to short-term temptations, and even to addictions, may be too strong for our rational, long-term planning.
Even as our unwitting alterations to Earth's carbon and hydrological cycles slowly make storms more damaging, our ability to monitor our planet from space and make reliable short-term forecasts have equipped us enormously to withstand them.
We want everything in a hurry because our primary aim must be survival in the short term. Long term thinking has seemed like a luxury in human history because lives were shorter, but with our increased longevity we have to figure out what to DO with all our time, and to pace ourselves to achieve things that we want. Hobbes might have been right when he originally wrote that life is 'nasty, poor, brutish and short', but today we are AWASH with time.
I understand that fans think short-term, and there's nothing wrong with that. You live or you die in the short term. But I believe in our system, and when you do that, you don't make knee-jerk decisions.
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.
President Obama stands ready to work with everyone, because that's what the American people expect and deserve - not for the short term political advantages, but the long term health of our country. We don't spend time trying to figure out what's in the minds of Republicans, we try to keep our focus on the American people.
If studies come out and show that playing football is detrimental to your health for the long term, even for the short term, I think that's up to the players then to make the decision about whether they're going to play or not play.
Our fear of death is like our fear that summer will be short, but when we have had our swing of pleasure, our fill of fruit, and our swelter of heat, we say we have had our day.
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.
These short stories are vast structures existing mostly in the subconscious of our cultural history. They will live with the reader long after the words have been translated into ideas and dreams. That's because a good short story crosses the borders of our nations and our prejudices and our beliefs. A good short story asks a question that can't be answered in simple terms. And even if we come up with some understanding, years later, while glancing out of a window, the story still has the potential to return, to alter right there in our mind and change everything.
In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.
Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed to Keynes (but never documented): 'The market can stay irrational longer than the investor can stay solvent.' For us agents, he might better have said 'The market can stay irrational longer than the client can stay patient.'
The most self-disciplined people in the world aren't born with it, but at one point they start to think differently about self discipline. Easy, short-term choices lead to different long-term consequences. Difficult short-term choices lead to easy long-term consequences. What we thought was the easy way led to a much more difficult life. I think that motivation is sort of like a unicorn that people chance like a magic pill that will make them suddenly want to work hard. It's not out there.
If we can find short-term incentives that are consistent with our long-term objectives, it is much easier to make the right decisions in the moment.
Positive defaults align our short-term decisions with our long-term interests. And we don't always do that.
Our responsibility is to maximise shareholder value, and if that means we can make short-term investment where we can maximise short-term value, we can do that.
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