Long term planning is foolish

The video discusses the concept of planning, emphasizing the limitations of long-term planning in a rapidly changing world. It highlights historical changes from the 80s to today, illustrating how technology like fax machines and iPhones have transformed business. The speaker argues for focusing on short-term, meaningful planning rather than long-term aspirations, especially in creative industries. The meaningful term is defined as the immediate future, stressing the importance of current actions over distant plans.

Why does the speaker believe long-term planning is considered nonsense?

What does the speaker imply about the importance of short-term planning?