Podcast - The Marshmallow Test: Are you a natural-born investor?
According to several studies, the marshmallow experiment is the ultimate test that predicts a person's success in life. Why? Because it measures sensitivity to delayed gratification. In other words, preference for the long term. Do you see where I'm going with this? Here, we will extrapolate this deferred gratification to investing and show how we can confront our cognitive biases to make better investments.