Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
Are Smarter People Better Investors? (DollarsandData)Warren Buffett: You don’t need a lot of brains in this business. I’ve always said if you got an IQ of 160, give away 30 points to somebody else, because you don’t need it in investments.
On average, smarter people have better investment performance because they make fewer behavioral mistakes and pay lower fees. The reason why smarter people are better investors has to do with their investment knowledge, not necessarily their brains’ raw processing power.
As Bill Gurley, the legendary VC, said in this incredible talk on career advice: I can’t make you smartest or the brightest, but it is quite doable to
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