In Check

I am really enjoying reading Morgan Housel’s thoughts on money. The quote that struck me this week is from an interview he gave in a press tour for his new book, “The Psychology of Money”. Reilly’s rules – Keep your emotions in check.

Behavior is the most important side of investing. You can be the best stock picker in the world, have the most sophisticated economic forecast and models – be a financial genius – but if you don’t control your own relationship with greed and fear, your ability to take a long-term mindset, whom to trust, and how gullible you are, then none of those financial skills will matter.

– Morgan Housel