Dot 007: On Long Term Thinking

Actually...I think those totalitarian dictators are really well performed followers of Jeff’s long term thinking. ”I regard what happened in Singapore as the best example of successful governance in the history of the world”Charlie Munger.  "[Lee Kuan Yew] always reflected on his unique relationship with Deng Xiaoping, whom he regarded as the best leader of all." Ray Dalio. Most of the top China’s elites today are practical followers of Deng and long term thinking, because they focus more on doing right things, less on doing things right. The priority of everything in China is to make the cake as massive as possible, not to share it as even as possible to quickly. Currency fluctuations, faith of people, brain drain, trade wars, financial crisis…don’t worry, solving them is just a matter of time if the priorities on the pipeline are right. Business and financial sectors are very small and less sophisticated comparing the whole machine as a country. The challenge from Trump that China is facing today is pretty much nothing comparing to those massive invasio ns, destructive civil wars, devastating political revolutions, wide spread starvations or hopeless poverties happened in just a couple decades. But there are still many survivors left and hidden in the top of the government, business world, or academia, and they witnessed how multi millions of Chinese were perished and questioned how its proud people became refugees. The ancient Empire of China paid its arrogance with a price of 200 years of decline and decay, while Europe and America forged ahead. For the sake of future kids, it is better to make to a 4-decade-plan rather than a 4-year-plan. We’re sacrificing today for our future generations just to make sure they will have the common happiness that many Americans take for granted today. It would be a great plus to go around the world and try to understand the reasonability behind kinds of realities. It is really hard to imagine China’s resilience. It’s been there 4000 years. So, don’t worry, trust and be patient. Things will be fine : ) ​









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