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