{"id":20851,"date":"2020-12-06T20:35:31","date_gmt":"2020-12-07T00:35:31","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=20851"},"modified":"2020-12-19T17:41:29","modified_gmt":"2020-12-19T21:41:29","slug":"long-term-thinking","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/long-term-thinking\/","title":{"rendered":"Long Term Thinking: Why We Need to Improve"},"content":{"rendered":"\n<p>What is long term thinking? Why are people bad at it and why should you adopt long term thinking processes?<\/p>\n\n\n\n<p>Long term thinking is when you&#8217;re able to think about the future and make good long term decisions. In general, people are bad at long term thinking. <\/p>\n\n\n\n<p>Read more about long term thinking and how it works.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>People Are Bad at Long Term Thinking<\/strong><\/h2>\n\n\n\n<p>In the previous law, we looked at irrationality, a potentially self-sabotaging trait we all share. Now, we\u2019ll look at a second universal trait\u2014our inability to think long term.<\/p>\n\n\n\n<p><strong>Humans tend to be concerned with the present rather than the future<\/strong> because our brains evolved to look for immediate rather than far-off danger. This was beneficial in earlier times when all our problems were animal-like\u2014eat, sleep, avoid predators, and so on. <strong>We didn\u2019t need to understand complex situations or reason; we needed to notice the most dramatic elements of a situation and react quickly. <\/strong>We also tended to assume the current conditions were permanent.&nbsp;<\/p>\n\n\n\n<p>Now, however, this evolutionary adaptation is to our detriment. <strong>The world is more complicated and long-term dangers are larger problems than most of what we\u2019ll encounter in the present.<\/strong> For example, we pay more attention to terrorism than global warming, even though global warming is far more dangerous. Additionally, our attention spans are even worse because of technology, which is distracting.<\/p>\n\n\n\n<p>In this law, we\u2019ll learn how to control our own nature by replacing shortsightedness with long term thinking.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Adopt a Farsighted Perspective<\/strong><\/h4>\n\n\n\n<p>When you see any of the signs of shortsightedness in yourself, you can break out of this law\u2019s thrall by adopting a farsighted perspective, which involves simulating hindsight and giving yourself perspective unclouded by emotions. This is how you adopt long term thinking. <\/p>\n\n\n\n<p>There are three elements to a farsighted perspective:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detachment.<\/strong> When you encounter a problem or decision, try to look at it without emotion.<\/li><li><strong>Completeness.<\/strong> When you encounter a problem, there will be some obvious, attention-grabbing elements. Look at <em>all<\/em> the context, not just what\u2019s most obvious.&nbsp;<\/li><li><strong>Prediction.<\/strong> For every possible decision, consider the negative consequences, new problems that might arise, and long-term goals.<\/li><\/ul>\n\n\n\n<p>This is easier said than done\u2014<strong>most of us don\u2019t like to think too much about the future because sometime in the future, we\u2019ll die.<\/strong> We usually don\u2019t think more than a few years ahead, and usually only vaguely.&nbsp;<\/p>\n\n\n\n<p><strong>The past also makes us think of the passage of time, so we avoid thinking of that too.<\/strong> This disconnects us from our past selves\u2014the person we were back then doesn\u2019t seem much like the current version of ourselves.<\/p>\n\n\n\n<p>Thinking only about the present, however, is full of so many ups and downs that it causes anxiety. Accepting the passage of time will make it easier to <a href=\"https:\/\/www.shortform.com\/blog\/how-to-manage-your-emotions\/\">manage your emotions<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>For example, if you can think about how you\u2019ll see a current problem in a year, this will calm you down.<\/li><\/ul>\n\n\n\n<p>To change your views on the past and future:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Cast time as an ally. <\/strong>Youth is fun, but you gain perspective with age.<\/li><li><strong>Create concrete goals and a clear path to achieve them.<\/strong> Anticipating your future accomplishments will be just as satisfying as enjoying the present.<\/li><li><strong>Remember that your character was set when you were a child. <\/strong>You\u2019re still connected to past versions of yourself and recalling this maintains your identity. Additionally, if you can keep this in mind, you\u2019ll be able to learn from the past.<\/li><\/ul>\n\n\n\n<p><strong>Extended Example: The South Sea Company<\/strong><\/p>\n\n\n\n<p>In the 1700s, the South Sea Company created contagious shortsightedness in England that resulted in widespread financial ruin.<\/p>\n\n\n\n<p>In 1719, the French Mississippi Company, which exploited resources in Louisiana, was doing very well and <strong>everyone in France was becoming rich as they bought and sold shares. This made English businessman John Blunt jealous and angry, and he decided to start a similar venture with the South Sea Company<\/strong>, which he led. The South Sea Company had a monopoly on trade between England and South America but did little trading. Its main job was to help the English government manage debt.<\/p>\n\n\n\n<p>Blunt came up with an ambitious plan\u2014the South Sea Company would take over the government\u2019s large national debt, receive interest, and then sell the debt as South Sea Company shares.<\/p>\n\n\n\n<p>However, there was one glaring problem with this plan\u2014to make shareholders rich, the share price had to keep rising, but the company didn\u2019t actually do any trade or have any assets. <strong>Blunt should have realized this\u2014he was normally a shrewd businessman\u2014but the hype in France got to him and made him focus on the present rather than the long term.<\/strong> Everyone else in England got caught up in the fever as well and invested their savings in shares, including very logical people like Sir Isaac Newton.<\/p>\n\n\n\n<p>There were unexpected (from Blunt\u2019s point of view) consequences. Blunt had inspired others to start new ventures and sell stocks, which increased competition for South Sea stocks. People cashed out their stocks to buy land, which was a safer investment. The Mississippi venture crashed and the French economy fell into a recession, foreshadowing a crash in England.<\/p>\n\n\n\n<p><strong>Blunt could only think of short-term solutions and many of them caused new problems.<\/strong> Soon the economy crashed, people committed suicide, and there was an attempt on Blunt\u2019s life.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is long term thinking? Why are people bad at it and why should you adopt long term thinking processes? Long term thinking is when you&#8217;re able to think about the future and make good long term decisions. In general, people are bad at long term thinking. Read more about long term thinking and how it works.<\/p>\n","protected":false},"author":5,"featured_media":3420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42,9],"tags":[167],"class_list":["post-20851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motivation","category-psychology","tag-the-laws-of-human-nature","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Long Term Thinking: Why We Need to Improve - Shortform Books<\/title>\n<meta name=\"description\" content=\"Why should you practice long term thinking? Humans are bad at foreseeing consequences. 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