The ultimate - most secure encrypted digital currency trading platform

In the late 1960s,

Professor Walter Mischel( from Stanford University conducted a famous marshmallow experiment on delayed gratification.

Researchers gathered a group of children around 4 years old in a classroom,

asked them to sit quietly for 15 minutes,

and placed a marshmallow in front of each of them.

They could eat it immediately,

but if they waited for the staff to return after 15 minutes to eat,

they would receive a second marshmallow.

As a result, only about 30% of the children successfully obtained two marshmallows.

The researchers tracked all the children who participated in the experiment,

and found that those who received the two marshmallows as a reward were more successful years later.

Mischel explained the experiment results as: individuals with higher delayed gratification ability are willing to give up short-term benefits for a more valuable future.

So, how many people can do it? Those who can,

are they truly thinking clearly about the future? Or is it just innate? In this experiment,

they selected 4-year-old children,

what are their thoughts? Clearly,

some children are motivated because the task was explicit,

as long as they put in effort (sit quietly for 15 minutes),

resist short-term temptation (the marshmallow in front of them),

and they can succeed (get two marshmallows).

Is this a kind of innate trait?

If it is innate,

then it means,

these people will continue to do so in the future.

But,

what if this experiment involved adults? The situation would be completely different.

However, the reality faced by adults is not simply the temptation of a marshmallow.

All the friends here are adults,

look at whether adults in real-life scenarios can resist short-term temptations? This is life,

so what about in the investment field?

Although many people have heard of value investing,

heard of long-term holding,

how many can resist temptation,

and achieve exponential wealth growth through steadfast long-term holding? I previously wrote an article titled “The Difficulty of Value Investing (Part 3) — Slowly Getting Rich and Quickly Getting Rich,”

mainly telling the story of Buffett’s slow wealth accumulation,

and very few can achieve the kind of delayed gratification he demonstrates.

Of course,

similarly,

investment is a comprehensive understanding,

not that long-term holding equals delayed gratification,

it only means delayed,

but whether it can be satisfied,

is still uncertain.

Buffett’s delayed gratification,

is reflected both in investment and life,

his performance in investment is not paying dividends for 60 years,

his life is best exemplified by his first wife Susan, who has the most say,

why did they live in a small house in remote Omaha for 70 years? So, the ultimate philosophy of delayed gratification is a life philosophy,

the fundamental color of life.

)$INIT** **$MYX