Attributes of Successful Investors

Lots to learn...I am still waiting for my stocks to turn "green"..

Have a nice weekend everyone :)

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Attributes of Successful Investors

Reading is an essential quality for any successful investor.

In fact, Charlie Munger, Warren Buffett’s right hand man, says he knows not a single successful investor who does not read!

To soak up as much knowledge as possible, you should read from a wide spectrum of disciplines and not just limit yourself to finance and investment books.

You never know when a certain fact or piece of knowledge may come in handy, especially when the world of investing encompasses a wide array of industries, people and countries.

Finally, you should actively read content and opinions that may run counter to your own beliefs.

Doing so encourages you to keep an open mind and can help you to avoid confirmation bias.

The act of constantly questioning your reasoning and logic in light of new evidence helps you to learn better, and also avoids complacency that may lead to poor decision-making.

Source: smart investor 26 May 2022