Tuesday, May 29, 2012

Howard Marks quote (emotion and ego)

“Refusing to join in the errors of the herd—like so much else in investing—requires control over psyche and ego. It’s the hardest thing, but the payoff can be enormous. Mastery over the human side of investing isn’t sufficient for success, but combining it with analytical proficiency can lead to great results.” –Howard Marks, The Most Important Thing Illuminated