Why giving up short-term wins can pay off later

Mark Twain tells the story of a young boy he met in the mid-West. Every time a stranger came into town the other boys delighted in showing the stranger just how stupid this boy was.

They’d hold out two coins, a dime (10 cents) and a nickel (5 cents) and tell the boy he could keep one.

He’d always pick the nickel because it was bigger.

Every time he did it all the other boys laughed.

Mark Twain took him aside and said, “Son, I have to tell you that the small coin is worth more than the bigger one.”

The boy said, “I know that mister. But how many times do you think they’d let me choose if I picked the more valuable one?”

In the original context, the boy is stupid.

Change the context, and he’s smart.