Time Horizon Quotes

If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.

People often overestimate what will happen in the next two years and underestimate what will happen in ten.

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction.

People always overestimate how much will change in the next three years, and they underestimate how much will change over the next 10 years.

Humans are terrible at predicting the future. We really overestimate what we can do in the short term and underestimate what we can do in the long term... If we can glimpse even a couple of years into the future, even that's difficult to do.

I don't care what happens in 100 years. I won't be around.

I do tend to think that things that have incredibly long time horizons often do involve market failures.

In a scheme of policy which is devised for a nation, we should not limit our views to the operation during a single year, or even a short term of years. We should look at its operation for a considerable time.

We don't look at what happens in our business in six-month periods.

I'm a big believer in investing for the long term, and the decisions you make shouldn't be made if the economy is good or bad at a specific time.

The manager has a short-range view; the leader has a long-range perspective.

If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people, But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, you can engage in endeavours that you could never otherwise pursue. At Amazon we like things to work in five to seven years. We’re willing to plant seeds, let them grow—and we’re very stubborn. We say we’re stubborn on vision and flexible on details.

My positioning with my investors was always, I need three to five years.

When you're thinking about the rest of your life, you're never really thinking more than a couple years down the road.

It's not how much something's worth today, it's what it's worth in five or 10 years.

Yearly data put the rest of the noise into perspective. Most of the weekly or monthly random up-and-down movements get smoothed out. Ultimately, this is where long-term investors should be focused.

I'm not a futurist, so I don't spend a lot of time thinking about 20 years from now.

The average mutual fund holding period for equity or fixed income is only about three years. It's too short.

Who knows what will happen in five years' time.

I think in terms of 20-year horizons.

No politician has a 50-year horizon.

I think there is a great deal to the idea of not doing a thing, but that when you do a thing, you don't do it in five minutes or in five hours, but in five years.

I think it's really important to have a long-term perspective.

An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.

I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.