Wednesday, 18 September 2013

Buffett Quotes on Emotion and Discipline

"Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. ....  Once you have ordinary intelligence, what you need is the temperament to control the urges that get the other people into trouble in investing."

"To invest successfully does not require a stratospheric IQ, unusual business insights, or inside information.  What's needed is a SOUND INTELLECTUAL FRAMEWORK for making decisions and the ability to KEEP EMOTIONS FROM CORRODING THE FRAMEWORK."

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