Contrarian Ways: Find out how to survive market volatility and generate regular returns – Investing method
Value observes that whereas many traders could also be clever, logic is essential and is commonly developed by way of expertise with market fluctuations. He emphasizes that intelligence alone, with out correct judgment and temperament, is not sufficient to make somebody a profitable investor.
Value additionally warns that extreme intelligence might be problematic, as it would lead traders to overestimate their potential to foretell unpredictable occasions, doubtlessly resulting in better challenges.
(Disclaimer: This text relies on numerous interviews of Michael Value.)
