If there is one thing that marks families with money in the long term it is this: delayed gratification.
Delayed gratification is a sweet lesson whose teacher knows the best is not right now, it is yet to be.
Delayed gratification is the one thing we ignore these days. And if you delay it, it becomes more pleasurable later in life.
You could be somewhere where the mail was delayed three weeks and do just fine investing.
Reading a novel in which all characters illustrate patience, hard work, chastity, and delayed gratification could be a pretty dull experience.
Were talking about an attitude. Delayed gratification is there, planning, be able to give up something now to get something later.
Investing requires qualities of temperament way more than it requires qualities of intellect.
It takes patience to become the best runner you can be. Top athletes realize that running is a long-term sport. It is set up for people who value delayed gratification and who like hard-earned success.
The superior gratification derived from the use and contemplation of costly and supposedly beautiful products is, commonly, in great measure a gratification of our sense of costliness masquerading under the name of beauty.
We got instant gratification when we would slip in one of our own songs and people would cheer. We started getting a lot of gratification from writing.
Space investing looks a lot like tech investing.
I suggest that those groups whose culture and values stress delayed gratification - education, hard work, success, and ambition - are those groups that succeed in America, regardless of discrimination.
I think a lot of sporting organisations are really sitting up and taking notice, putting in some great programs and investing a lot into women's sports.
Parents who have been successful in acquiring more often have a difficult time saying no to the demands of overindulged children. Their children run the risk of not learning important values like hard work, delayed gratification, honesty, and compassion.
To become grateful, I must learn that I can handle disappointment and delayed gratification with grace and perseverance. This is why practices such as fasting and simplicity are such powerful tools for transformation. The experience of frustration and disappointment is irreplaceable in the development of a grateful heart.
Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.