Joe Wiggins writes about the problem of short term thinking crowding out much better long term decision making. He makes the following points,
• We are driven by emotions. Its in our wiring and has to a degree allowed us to survive and evolve,
• Many of our decisions are based on what we are feeling right now,
• Fear dominates these decisions, fear of loss or fear of missing out,
• Our environment has driven us further towards short term thinking. We have more information and are better able to act on it,
• But long term thinking almost always works out better,
o You don’t need to be heroic,
o Your decisions don’t need to be optimal,
o There is no requirement for genius.
• Just sensible choices and patience. Something we are all capable of!
