Your actions are derived from carefully thought out goals, and you are not swept off course by short-term events.
You understand the true elements of risk and accept the consequence with confidence.
In the business world, you can find huge predictable patterns of extreme irrationality.
This is not talking about predicting the timing, but rather the idea that when irrationality does occur, it leads to predictable patterns of subsequent behaviour.
You should pay serious attention to the intersection of finance and psychology.
The majority of investment professionals have only recently paid serious attention to this.
Your own understanding of this will be valuable in your own investing.