Have you ever asked yourself, "Why is investing so hard?" Like seriously. Why is it so difficult?
Why is it that some people can be so good at it and the rest are just mediocre?
There are so many investors out there, yet when you look at those that are really successful, there are not many of them. Why is that so?
I've had this question in my mind for a long time now and one thing really struck me when I was listening to what Charlie Munger said at the 2017 Berkshire Hathaway Annual Meeting. He said something so simple yet so profound.
"A lot of other people are trying to be brilliant and we are just trying to stay rational. And it’s a big advantage."
Is it really that simple?
Some might think that becoming an excellent investor requires a super high IQ and intelligence, or you need to have some experience in the financial industry, become a fund manager or you need some investing secret or investing model that nobody else can replicate.
But funny enough, Charlie Munger is saying this. "A lot of other people are trying to be brilliant and we are just trying to stay rational."
Is it really that simple?
Well...What if it is really that simple. For once, just be a believer and try to understand. What if it's that simple.
There are so many smart, high IQ investors out there, but most of them aren't successful investors. Maybe Charlie was right after all.
And ever since then, that's what I've been trying to figure out. What makes a great investor so great. How do great investors like Warren & Charlie excel over the long term?
And that is what we will be exploring in today's episode. So check out this episode to find out more!
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