STREET DOGS: Trading is an evolutionary process
Temperament and avoiding fatal flaws lead to successful trading
It’s not enough to teach a man a speciality. Through it he may become a kind of useful machine but not a harmoniously developed personality. — Albert Einstein
Most investors believe that their ultimate success is a result of their intellectual prowess. In reality, investment success is a direct function of temperament or more specifically, one’s ability to avoid fatal flaws. Most investment flaws are a result of emotion-based decisions. Limiting impulsive investment behaviour is far more important than understanding the intricacies of the market or absorbing the business model of a complex company. — John Emerson..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.