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1 " A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success. "
― , Value Investing: A Value Investor's Journey Through the Unknown...
2 " Investors know that a major factor to investing success is the ability to go where others will not. That’s where an investor will be able to achieve excess returns versus the overall market, if executed properly. However, the concept of contrarianism can be taken to extremes at times. "
3 " So successful investing is not only choosing the right investment, but also waiting for the right investment and holding on to it. "
4 " Many shall be restored that now are fallen and many shall fall that now are in honor.” Horace "
5 " In value investing, you must grasp the fact that a security will probably go down further after you buy it. Trying to time the market is a fool’s errand. Very few have been able to time the market consistently over the long-term. As an investor, you can look very silly for a long period of time before ultimately being proven correct. "
6 " As long as the world exists, there will always be a need to understand investing. History is packed full of fascinating and worldly knowledge that is just waiting to be plucked by someone who wants to learn. "