Sarah Friar, CEO of the social network Nextdoor, on why focusing on the long-term is good for users and business:

the long-term greedy approach—that’s a good Goldman term—is always the right way, even when it’s a little bit more painful in the short run.

Long term greedy is the idea is that over the long term, you want to build a really big, successful business. So it’s recognizing that often you should do things in the short run that actually aren’t profit maximizing, because you’re trying to grow customer loyalty.

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