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This week's Commonplace post is about all the fun ways time preference can be used to think about business and careers:

Why thinking long term can lead to a competitive advantage, and what that looks like in business and in careers.

Feb 23, 2021

There are a bunch of ideas all smushed up here: 1. Most careers are 40 years long, so you should probably think of your career tactics in the context of that time span. 2. You can divide careers into 'early game/mid game/end game'

Cedric Chin

@ejames_c

3. Certain investment strategies rely on long time preference for a competitive advantage. 4. Startup growth rates are a function of VC fund time preference, and

3:17 PM · Feb 23, 2021Twitter Web App

Replying to

5. It's fascinating what you can do if you structure a business to have longer time preference, AND you compound that over a few decades. I also get to talk about Eurogames, so yay me!