# Play Long-term Games With Long-term People

An episode of [Naval](https://invisiblenetwork.ai/podcast/1454097755), 19 Mar 2019, 6:02.

Audio: https://traffic.libsyn.com/secure/naval/Naval-Ep10.mp3?dest-id=1103966

Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game. • Play long-term games with long-term people 0:00 • When you switch industries, you're starting over from scratch 2:21 • Long-term players make each other rich 4:02 • Returns come from compound interest in iterated games 4:49 Transcript: http://nav.al/long-term

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