“The most popular systems are those that apply a disciplined systematic technique, .. The hardest part for investors is finding a system that fits their lifestyle, and that is a critically important component.” ImportantDisciplineFitFindingsTechniqueLifestyleHardestInvestorsComponentsSystematic Author:William McKinley
“Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” MindLongHardAbleValuesTermDealsEffortWillingHard WorkDisciplineSucceedInvestmentInvestingLong TermSufficientHorizonInvestorsStrictFractionsMind Set Author:Seth Klarman
“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
“The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!” YearsPersonsMadeAbleGuyMistakeSuccessfulEmotionalKeysDisciplineTradeInvestmentMaking MoneyInvestorsTradingDimesJeopardyInvestment Success Author:Victor Sperandeo
“If you're going to be an investor, you're going to make some investments where you don't have all the experience you need. But if you keep trying to get a little better over time, you'll start to make investments that are virtually certain to have a good outcome. The keys are discipline, hard work, and practice. It's like playing golf - you have to work on it.” IfsNeedsTryingLittlesHardCertainPracticeHard WorkKeysDisciplineGolfInvestmentOutcomesInvestorsKeep TryingPlaying Golf Author:Charlie Munger
“Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.” LongPastNextTermDisciplinePercentFellowsAssumingInvestingDecadesLong TermAcquireFundInvestorsDoing NothingIndex Funds Author:Mark Hulbert
“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk aversion-may well be genetically determined.” WellsMaySeemsMightValuesRiskTypeDisciplineEssentialsIntelligentInvestingDeterminedCharacteristicsInvestorsAversionRisk Aversion Author:Seth Klarman
“Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.” KnowsNeedsHardValuesOpportunityWaitingDifficultSimpleDisciplineJudgmentComputerModelsInvestingAttractiveThrownInvestorsSwingsWizardsIntricateUnattractive Author:Seth Klarman