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Sunday, 12/04/2022 7:04:28 PM

Sunday, December 04, 2022 7:04:28 PM

Post# of 14424
Good investing is not about what you know, it's not about how smart you are. It's not where you went to school. It's not about the connections that you have. Good investing is overwhelmingly just about how you behave. It's about your relationship with greed and fear, how gullible you are, who you trust, who you seek your information from, your ability to take a long-term mindset, long term-term horizon. That's what actually matters. That's what moves the needle more than anything else. And all of those topics are not analytical. They're not about data and formulas. All of those topics are behavior, and behavior is kind of a soft and mushy topic. That's not analytical. You can't summarize it on a spreadsheet or with a formula. So it tends to kind of be ignored in investing, even if it is one of the most important aspects of investing.
All that being said. With out good old dumb luck, I would be broke.