From Mark Sellers the founder of Sellers Capital, seven traits shared by great investors that maybe can’t be learned at all: The ability to buy when others are panicking and sell when others are euphoric. "Everyone thinks they can do this, but when the market is crashing almost no one has the stomach to buy. When the market is going up almost every day, you can’t bring yourself to sell." An obsession with playing the game. "These people don’t just enjoy investing; they live it. They wake up in the morning and the first thing they think about is a stock they have been researching. Unfortunately, you can’t learn to be obsessive about something. You either are or you aren’t." The willingness to learn from past mistakes. The thing that is so hard for most people to do, and sets some investors apart, is an intense desire to learn from their own mistakes. "Most of us would much rather just move on and ignore the dumb things we’ve done." An inherent sense of risk. "I believe the greatest r...
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