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Quote by Paul Newman

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Paul Newman
Paul Newman

Paul Newman was an American actor, director, and philanthropist known for his versatility and acting prowess. He received numerous Oscar nominations and began his career in the 1940s and 1950s. Newman is celebrated for his performances in films such as 'The Sting' and 'Julia', and remained active in the film industry into his later years. more

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“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”

PeopleNeedsKindImportantCertainLossAbilityEmotionBrainCrazyDisciplineTerribleAdversityExtremesDrivenInvestorsIrrationalTemperamentGoing Crazy
Author:Charlie Munger
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“In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women”

WantWellsTodayWinningPathFeetCrazyStandardsManagementInvestmentChineseOutcomesCustomsArtificialConstructsBindingInvestment Management
Author:Charlie Munger
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