Patience is a virtue

by Russ Roberts on February 13, 2007

Patience is a virtue, but it leads to income inequality. Even in the Amazonian rain forest. Interesting research reported in the Economist. (HT: Josh Hill)

Comments

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Xmas February 13, 2007 at 8:45 pm: My favorite Fortune Cookie fortune:

"A handful of patience is worth more than a bushel of brains."

I'm not really sure how much a bushel of brains is really worth. But I bet it'd be all pink and wiggly.
billyshears February 14, 2007 at 10:05 am: The same story was told by my father. After graduating from high school one of his friends decided to get to work as a cashier in a bank while the rest attended University. Obviously, this friend was the first one to have a car, he ate at better restaurants and invited girls to expensive venues…
20 years after, while my father was CEO to an important firm, he had to go to a bank office, and once there standing in the line, he step aside and went out of the bank: he didn't have the guts to face his old friend,who was still working as a cashier in the same bank.