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The Seven Virtues of Great Investors

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  • Apr 5, 2023
  • #Investment
Jason Zweig
@JasonZweig
(Author)
jasonzweig.com
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The series was inspired partly by Benjamin Graham’s declaration, in The Intelligent Investor, that intelligence is “a trait more of the character than of the brain.” It also is root... Show More

The series was inspired partly by Benjamin Graham’s declaration, in The Intelligent Investor, that intelligence is “a trait more of the character than of the brain.” It also is rooted in Warren Buffett and Charlie Munger’s constant emphasis on “temperament” and their repeated observations that the investors with the highest IQs often don’t earn the highest returns. Finally, it’s based on my own decades of watching and interviewing the world’s leading investors.

As Ralph Waldo Emerson wrote in his essay “Experience“:

Temperament is the iron wire on which the beads are strung.

I keep getting requests from readers who’d like to have all these posts collected in the same place. Someday, I might turn the series into a book, but for now, I’ll post links to them all here, along with an extremely brief summary of each.

You’ll find a lot more detail, including practical suggestions on how to cultivate these virtues yourself, if you follow the links below.

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Gavin Baker @GavinSBaker · Apr 5, 2023
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Great post. Would add "Flexibility" as an 8th virtue although at some level it is a product of curiosity, humility and skepticism. Everyone needs to find the right balance between conviction and flexibility for their own particular emotional makeup.
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