The Temperament of a True Investor
Well, if you want to be somewhat a little bit like this man who is so loaded with money from stocks, you may have to develop yourself to build up the following characteristics:
1.True Investors are Calm
Buffett is blunt: Unless you can watch your stock holding decline by 50
percent without becoming panic stricken, you should not be in the stock
market. In fact, he adds as long as you feel good about the business you
own, you should welcome lower prices as a way to profitably increase
your holdings.
True investors also remain calm in the face of what we
might call the mob influence. When one stock or industry or one mutual
fund ...
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