The Power of Emotional Resilience
November 24th
Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing.
Superior intellect does not ensure success in investing. More often, it's the ability to control impulses that sets you apart.
Investing is a long-term game that tests your patience and emotional resilience. Market fluctuations can easily sway you to act on the spur of the moment or to follow the crowd. However, resisting these urges often makes the difference between a wise investor and a reckless one.
Consider this when you're tempted to make a hasty investment decision. Are you in control of your emotions, or are you being swayed by them? Remember, in investing, your temperament is a vital asset.
So, let's focus on developing emotional resilience and self-control, for these traits can lead to the most rewarding investment outcomes.
Copyright © 2023 by Scott Sansovich