The Secret to Your Success as an Investor Is Temperament, Character

Shane: I think the single most important attribute for an investor to succeed is temperament, character. Benjamin graham had a wonderful throwaway line about his investing success - he was able to observe what other people were feeling and say that's funny. That enables them to invert the prevailing emotional forces in the market and turn it to their advantage. Shane: It would be interesting to go back and look at who were the money managers that acted with courage during that period,. versusWho were the ones that kind of used that as a cut of barometer to see how you could expect them to behave in the future.