May 2013
Beginner
256 pages
3h 58m
English
Content preview from The Rules of Wealth, 3rd Edition
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RULE 61
Think long term
At the same time as not fiddling too much (see Rule 60), so too you shouldn’t play the short game. You have to think long term, both in your planning, and in your expectations of a return. You also have to invest for the longer term.
If you expect a rapid and sudden catapult into prosperity then go play the lottery and good luck to you (you’ll need it). Gaining wealth is a slow process and rightly so. If you get it all quickly you have no time to acquire experience and sense. Too quickly and it’ll be all ‘spend, spend, spend’.
Thinking long term is a bit like thinking in very fast motion while the rest of the world moves incredibly slowly around you. Softly, softly catchee monkey as they say. Ever tried to swat a fly? ...
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