You've probably heard of the marshmallow test. It's where you give a child a marshmallow and tell them they can eat it now or wait for a while in order to get two marshmallows. Traditionally it's been framed as a test of willpower. That may be, but it's also an ideal illustration of what it means to be an investor.
This is a companion discussion topic for the original entry at https://jlericson.com/2021/11/14/investing.html