Fast · Patrick Collison

Fast iteration can make up for a lot; it’s usually ok to be wrong if you iterate quickly. Plans should be measured in decades, execution should be measured in weeks.

One of the things about the Valley that I find outsiders miss the most is that it feels like it's all moving so fast, and yet, any of the important companies or any of the important products take a decade or more to build. Everything important takes a long time, so a lot of it actually feels quite slow. Long-term orientation is absolutely necessary... See more

We tend to overestimate what we can do in a day, and underestimate what we can achieve in a decade. Miraculous things can be accomplished if you give it ten years. A long game will compound small gains to overcome even big mistakes.