My whole life has been a combination of short-term and long-term investments. In a sense, I am very sensitive to the cash conversion cycle of my own production. Twenty years ago I made investments in myself that I do not expect to pay off for yet another 20 years. But all along the way, I built a “cash position” with the rapid conversion of a small percentage of my activities into a “monetizable offering”.
The key here is to adjust the differential between the short-term and the long-term so that one has a strong enough financial position to continue generating those major investments that will have the longest and greatest impact.
