Buffett has said that his great success comes not because he has a talent for interpreting financial statements or identifying competitive advantages, nor because he can meet with management teams.
Rather, he claims the key to turning $10,000 into $50 billion, as he has done in
his investment career, has been managing his emotions !!
I have many times insisted on this blog that stock market investing has little to do with analytical skills but lots to do with guts !
http://micheldeguilhermier.typepad.com/mdegblog/2008/05/the-secret-of-w.html
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