Have you ever heard about the Stanford Marshmallow Experiment? In the late 1960s and early 1970s, a series of studies on delayed gratification tracked children’s ability to master self-control. The children had to decide whether to immediately eat one marshmallow placed in front of them or wait 15 minutes and receive two marshmallows as a reward. Many attempted to survive the seemingly endless countdown but, in the end, only a third resisted long enough to receive the greater reward.
Why does this story matter? Because Medallion always focuses on getting you the best continuing results. We strive to offer a competitive and streamlined program with stability you can rely on, resisting the pressure to follow the crowd when everyone starts abandoning best practices.
When it comes to lending, there are a few reasons to be patient and trust in a long-term financing strategy.
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Developing a relationship with a portfolio lender focused on enduring value will provide peace of mind, regardless of the changing marketplace.
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Other lenders see competitors offering low rates and immediately follow suit, taking risks without anticipating the lasting consequences (they eat the first marshmallow).
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We avoid taking excessive risk and we never ignore historical data.
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Medallion’s lending model has proven successful during both healthy economies (the easy part) and recessions (the hard part).