Wednesday, August 20, 2014

Warren Buffett on Intelligence

From Farnam Street:

What makes Warren Buffett a great investor? Is it the intelligence or the discipline?

Warren: The good news I can tell you is that to be a great investor you don’t have to have a terrific IQ.
If you’ve got 160 IQ, sell 30 points to somebody else because you won’t need it in investing....


HT: The Big Picture's Wednesday AM Reads

Now, what if one is approaching from the other direction and is at the market as a buyer?