The Greatest Barrier to Trading Success
This two-months old but still fine article (despite its horrid syntax) re the investing process, limns how our human foibles and fallibilties color (i.e., worsen) the process...
"Tilson believes that investment success requires far more than intelligence, good analytical abilities, and propietary sources of information. Equally important is the ability to overcome the natural human tendencies to be extremely irrational when it comes to money. As Warren Buffett puts it, 'Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble [when] investing.'"
"Tilson believes that investment success requires far more than intelligence, good analytical abilities, and propietary sources of information. Equally important is the ability to overcome the natural human tendencies to be extremely irrational when it comes to money. As Warren Buffett puts it, 'Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble [when] investing.'"
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