The Compound Years · Issue #7 · August 2026
Decisions on a ten-year clock
Most of what felt urgent this week will not matter at ten years -- and the few things that will, almost never feel urgent.
01The experiment
Applied for the Naughton Scholarship even though the odds said I could not win.
The honest version is that I almost did not submit. The application took a weekend, the rejection cost me nothing, and the upside was years of compounded support. I genuinely think that is the cleanest ten-year-clock decision I have made -- cheap downside, asymmetric upside, ego the only real obstacle.
02The lesson
The calls that mattered were only obvious years after I made them.
Reading frameworks about long-term thinking does almost nothing. The dataset that taught me was applying for things I expected to lose, shipping apps I expected to flop, and tracking which ”small” calls I made at twenty-two turned out to be the load-bearing ones at twenty-five.
03The founder
Warren Buffett buys for twenty-year horizons and ignores the quarterly noise.
Buffett famously holds Coca-Cola, American Express, and See’s Candies for decades while everyone around him trades the next earnings report. His advantage is not better information -- it is a longer clock. He once said his favourite holding period is forever, and he meant it.
04The mindset
Most ”urgent” is somebody else’s clock being borrowed for the afternoon.
I ask myself one thing when something feels urgent: is this on my ten-year clock or someone else’s afternoon? Most of the time, it is the afternoon. And recognising that -- calmly, without drama -- is the discipline I am still trying to build.
05The question
What is one decision on your desk this week that will not matter at ten years?
Hit reply and tell me. I read every one.
Forward to one person who is stuck on a decision that does not actually matter.
-- David