Sunday, August 23, 2009

The Warren Buffet way 3

"Success in investing doesn't correlate with IQ once you're above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble in investing."

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I don't know my IQ can get above 125 or not, but I think I am really poor in controlling my temperament no matter positive or negative emotional. Sometimes rational action is necessary in chaotic situation, but irrational action doesn't mean that do not have a back up plan.

1 comment:

mukdaphan said...

keep update summarising for me.

Thanks