WOULD YOU PASS THE MARSHMALLOW TEST?
What do marshmallows have to do with investing? Apparently a lot! In the 1960s, the Stanford psychologist Walter Mischel carried out experiments with marshmallows for 4-year-olds, giving them an option to eat their favourite treat immediately or to double the treat if they were willing to wait. And the children were tracked for 40 years, and over and over again, the researchers found that the children who delayed their gratification succeeded in whatever capacity they were measuring – the children