Investor Naval Ravikant had a great tweet storm on “How to get rich” (his notes on extrinsic success) a few months back. He has since been publishing a great series expanding on the various ideas he tweeted about on his blog. And, yesterday’s post resonated deeply as it contains powerful life advice – “Play long term games with long term people.”
The summary –
(1) Pick an industry where you can play long-term games with long-term people. Long-term players make each other rich. Short-term players make themselves rich.
(2) All returns in life come from compound interest over many turns of long-term games—and they usually come at the end.
(3) People do right by each other when they know they’ll be around for the next turn of the game. And friction goes down, so you can do bigger and bigger things together.
I think the implication of his first point – “Long term players make other rich” – is key and extends well beyond money. When we are in relationships for the long term, we end up investing deeply in the richness of the lives of those around us. Thanks to the way compounding works, those investments pay off incredibly well the long term for everyone involved.
So, become someone who thinks and plays long term games. Then, find partners, friends, and colleagues who are in it with you. It is a powerful combination.