Develop right temperament for investing this, Ganesh Chaturthi!

In cricket they say ‘temperament’ separates the men from boys. You may have less talent but if you have the right temperament then you can succeed in cricket. Similarly, in investing too you need the right temperament especially if you are doing long-term investing. Right temperament to remain patient in all conditions and being true to your stock convictions is the absolute key. The great Charlie Munger once said that “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.” This Ganesh Chaturthi start developing the right temperament for investing.