Insights from ‘The Long Game’ by Dorie Clark Flashcards
What does embracing the long game in health involve?
It involves making choices like passing on fast food, prioritizing exercise, and sticking to a nighttime routine for adequate sleep.
How does embracing the long game affect job satisfaction?
It leads to greater job satisfaction because you patiently master first principles and become an expert who is respected by others.
What financial benefit does playing the long game offer in business?
It results in making more money by focusing on excellent service and building strong relationships, leading to repeat sales and referrals.
How does playing the long game reduce stress during market downturns?
You zoom out and trust that your investments will grow in value over a longer time horizon, like ten years.
What is the importance of ‘Optimizing for interesting’ in playing the long game?
It keeps you engaged and motivated, as you are more likely to stay committed and see challenges as rewarding.
What example is given for optimizing for interesting in a legal career?
A lawyer who enjoyed a fulfilling career at Etsy because her personal interest in jewelry made her passionate about fighting for artists’ rights.
What is a key investing lesson from Warren Buffett related to the long game?
Buffett restricts his investments to businesses and sectors he understands, which he is willing to study deeply over time.
How can documenting your interest at the onset of an endeavor help?
It allows you to evaluate your interest later when you feel frustrated or bored, keeping you focused.
What does ‘Thinking in waves’ mean?
It means anticipating future plateaus or declines and cycling between head-down (exploiting opportunities) and head-up (exploring new ones) modes.
How does an author exemplify thinking in waves?
An author writes for months in head-down mode and then switches to head-up mode to market the book, creating long-term sales.
What mindset difference exists between short-term and long-term thinkers during a career plateau?
Short-term thinkers panic during a plateau, while long-term thinkers expect it and prepare future opportunities in advance.
How can freelancers play the long game with their clients?
They dedicate part of their time to overdelivering for current clients while also looking for new clients.
What does Dorie Clark say about planning with a longer horizon?
If you plan with a longer horizon and endure the ups and downs, you can accomplish far more than expected.
