Time Preference Rate. “The Marshmallow Tale” by Joachim de Posada and Ellen Singer describes the “Marshmallow Experiment” at Stanford University. The experimenter left the child alone in the room and gave the child a marshmallow, instructing the child to eat it immediately. However, if the child did not eat it within 15 minutes, the experimenter would give the child another marshmallow. Some children waited the full 15 minutes, while others stopped waiting early. These two groups were followed for 14 years, and as a result, the more patient children showed better social and mental abilities. Those who cannot tolerate waiting are said to have a high time preference rate, while those who are patient are described as having a low time preference rate. In investment, high and low time preference ratios are not necessarily good or bad because many investments depend on luck. The key is to find and stick to methods and principles that match one’s own tendencies. - Joseph’s “just my thoughts”
Not running out of time, but it's hesitation to make your priority what's most important with a stressful mind by yourself. However, even if you have made a decision your priority when you feel a lack of time, you're taking a burden beyond your capacity or yet to equip the proper system to carry it out. Neither is desirable. Not all of them are, but most of the time, you tend to be poor if you're busy for no reason. You may be busy for a while, but you should be alert to stay busy because it's easy to lose your health, to lose your money, and eventually to lose your people. - Joseph’s “just my thoughts”