Wednesday, June 11, 2008

interesting study

So I forked over $150 to get the monthly investment newsletter "The Motley Fool". I figured if I learn about some good investments and make money with the knowledge, the 150 was well worth it.

Anyway I thought I would post the introduction to this months newsletter. Im sure its illegal but its just the intro (no stocks mentioned) and I found it interesting.

Beginning Now....

"Sometimes, the difference between success and failure comes down to a single marshmallow. No, really. In 1968, Stanford researcher Michael Mischel began a study that found success throughout a lifetime comes down to a marshmallow.

Mischel's study gave 4-year-olds a simple choice: one marshmallow immediately, or two if they could wait 20 minutes. One-third of the kids opted for instant gratification. Another third intended to wait but succumbed to temptation along the way. Only an elite third tempered their impulses long enough to get the additional marshmallow.

The study doesn't end there. Mischel tracked these kids for decades. Those able to wait for the larger reward ended up more successful by essentially all measures: happier marriages, better health, higher incomes (in school, they scored 210 points higher than the average SAT marks), and greater career satisfaction.

Meanwhile, the impulsive group wound up as feared: in unsuccessful marriages with worse health, a reduced sense of fulfillment, and lower income. They also were more likely to watch -- or appear on -- The Jerry Springer Show. (OK, I made that last one up.)"

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