# The Long Run Is Just A Collection of Short Runs

An episode of [The Psychology of Money with Morgan Housel](https://invisiblenetwork.ai/podcast/1675310669), 13 May 2024, 8:59.

Audio: https://anchor.fm/s/104219ecc/podcast/play/101785745/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-3-25%2F399089930-44100-1-14ab04a794ac0590.mp3

Every great idea can be taken too far. Take the notion that investors should ignore the short run. It's important to recognize that the long run is just a collection of short runs, and capturing long-term growth means managing the short run effectively enough to ensure you can stick around for a long time.

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