The marshmallow test is a very interesting experiment in self-control. The marshmallow test is a psychological experiment that determines the ability to defer gratification,
Young children are given a marshmallow. The experimenter tells the child they have to leave the room for a few minutes. The child is told if they don't eat the marshmallow until the experimenter returns, they will get a second marshmallow.
In today's society with computers and high expectations of immediate gratification, many people want their rewards immediately. Some can’t wait to eat the marshmallow and, therefore, forgo much better rewards!
The stock market is a perfect example of the people’s ability to defer gratification. Many financial market participants expect immediate financial results. If the results are not immediate, they sell and move on. This type of activity can be detrimental to long term financial success. If a quality company is purchased that has quality management, the long-term benefits can be outstanding, but you have to wait to "eat the marshmallow".
Can you wait to eat the marshmallow?
Be safe, be smart, be prepared, be well read and be successful!
