Reflections on the Ten Attributes of Great Investors
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Reflections on the Ten Attributes of Great Investors
divide the management-assessment process into three parts: compensation, character, and operations.
Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
On Hiring: look for these 4 qualities, the rest can be taught
- Very deep love for learning: love learning and will do it for free, being intellectually curious
- Incredible work ethic: can test for this
- Investing is an EQ business not an IQ business, about mental flexibility: persistence and grit: beaten down and pucked in the face, seen hardship, come
Invest like the Best • Internet Scale Businesses
The way to win [in the markets] is to work, work, work, work and hope to have a few insights. How many insights do you need? Well, I'd argue: that you don't need many in a lifetime. If you look at Berkshire Hathaway and all of its accumulated billions, the top ten insights account for most of it.
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
If you find great companies, value them carefully, and purchase them only at a discount to a reasonable valuation estimate, you’ll be fairly well insulated against the vicissitudes of market emotion.