Investment Temperament Trumps Investment Intelligence – 7 Rules for Successful Investing

Warren Buffett famously once said, “Success in investing doesn’t correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble investing.”

Temperament trumps intellect because having the right temperament allows you to ignore the “noise” of the market and be a patient, disciplined investor, adhering to your well-thought-out financial plan through the inevitable bad times — times when even good strategies deliver poor outcomes.