Is Cheating Out Of Control? - Wealth
Ohio State has to change football coaches.
Lance Armstrong is under heavy investigation for using illegal performance enhancement drugs.
Bernie Madoff steals billions of dollars from his investors.
Enron cooks the books, defrauds its shareholders and goes bankrupt.
Goldman Sachs is suspected of playing both sides of the trade and being a major cause for the financial meltdown of 2008.
Congress can’t come up with a reasonable solution to handle our national finances.
It seems to me we are seeing more and more headlines like those above. I believe all of this is from thinking short-term instead of long-term. When one thinks in a short-term manner you can see that it’s possible and even probable that taking short cuts looks like the right idea.
When one thinks long-term the thought process changes. Long-term thinkers will think about the end result of actions they take. They will understand that what they do today does have an effect on what happens tomorrow.
We, as a nation need to think about how our actions today will affect us tomorrow. We have to stop thinking about next month’s quarterly returns, and instead think about our returns to stakeholders five years from now. We need to not worry about getting elected again. We need to understand that winning isn’t always everything.
I understand that short-term goals can be important. If short-term starts overpowering long-term we have a bad future coming. And, that’s what we have right now.
What are your thoughts about being a long-term thinker versus a short-term one? Please either email me at Jpatrick@stage2planning.com or click on this link to set up a time to speak with me.
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