[Read5for5 📚] The Fine Balance between Short-Term & Long-Term Planning
Hi friends,
This is Kei and Kazuki from Glasp 👋
We are excited to start Day 3 of the 5 Day Reading Challenge 📚✨ Here are three good articles we choose, so when you finish reading any of them or any article you want, share it on Twitter with the hashtag, "#read5for5"! Let's read good articles together and connect with like-minded people🤝
Today's Reading List 📚
(1) The Fine Balance between Short-Term & Long-Term Planning
by The Knowledge (2 mins)
Balancing short-term and long-term planning is crucial for success. Finite time, which is within our control, should be prioritized for near-term planning, while infinite time, which encompasses externalities and events out of our control, should be leveraged for long-term planning. The barbell approach to risk management involves taking on two extreme positions, one with low risk and one with high risk, rather than a moderate position with medium risk. By taking on a small amount of extreme risk, the potential for gain can be maximized while minimizing the potential for loss.
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(2) Imitate, then Innovate
by David Perell (18 mins)
Imitation and innovation go hand in hand, and the more we imitate, the faster we can discover our unique style. The fear of plagiarism is injected into us in school, where we’re taught to fear anything that smells like imitation. Apprenticeships are a great way to learn skills through imitative learning. Reading a lot of good writing is among the best ways to become a good writer. The future originates in art before it becomes our reality. Originality is only useful insofar as it serves a higher end. Those who hold originality as their highest virtue are bound to either get stuck or create nothing of substance.
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(3) How to spot adaptability in others — and boost it in yourself
by Kara Cutruzzula (5 mins)
Adaptability is an important trait to have in today's world. It can be spotted in others by asking "what if" questions and "tell me about a time when you were wrong" questions. It can be improved by playing at the intersections, taking a devil's advocate role, and keeping a failure resume. Adaptability is not fixed and everyone has the capacity to measure, test, and improve their ability to adapt to new circumstances.
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Excited to learn with you!
See you tomorrow again ;)
Best,
Glasp team
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