Marshmallow Mind

“Jam tomorrow and jam yesterday—but never jam today.”

My friend Tom Morgan once asked me why it was so hard to find role models in business and finance. The combination of success and a fulfilling and happy life appeared to be an outlier (Buffett or Ed Thorp come to mind). I think more of those people exist, but they are invisible. They prefer it that way.

Every so often, the media finds a new iteration of the ‘janitor dies with millions’ story. This past week, it was Geoffrey Holt who left a $3.8 million estate to his New Hampshire hometown. There had been no signs of his wealth: Holt lived in a mobile home, was riding a bicycle around town, and had given up on TV. He collected books, records, and model cars and trains. People said he mowed lawns to relax.

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