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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

31 July 2005

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.'"

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