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Anonymous
100 YEAR MARATHON
2016-05-15 03:46:38 Post No. 1247224
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100 YEAR MARATHON
Anonymous
2016-05-15 03:46:38
Post No. 1247224
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Recently finished the book The 100 Year Marathon about China. Long story short, in 1949 Mao wanted China to become the preeminent world super power by 2049. My post has less to do with the book, but more of the Eastern mindset.
In the West, business seeks gratification quarterly. Politically we elect four year term presidents hoping the country will change. Many Chinese officials do 10,20,30 year plans to globally dominate industries.
Westerners need to recognize the Eastern way. You won't be rich over night. It'll take years of hard work, saving, and reinvesting dividends. Lastly, it'll be easy to consume in the present (think buying a luxury item) but delayed gratification will lead to a higher principal to let compound interest do its magic. Good luck
