Does someone like Warren Buffett have highly developed investing pathways in his brain?
The brain does not have investing circuitry. We don’t have a little ATM machine in our head that accepts deposits and applies withdrawals. I think what makes an investor like Warren Buffett special—and his teacher, Ben Graham—is not that they’re unemotional, it’s that their emotions are inside out. The modern investing world in which we have cable TV and investing websites allows us to be continuously updated on what every investment we own is doing. Knowing more about the price of what I own does not give me the power to help it go up or prevent it from going down. You have to fight the tendency to think you are in control of your investments and instead develop the ability to be in control of yourself. You can’t control what the market does. Getting constant information about it only gives you the illusion that you are in charge.— Could there ever be performance-enhancing drugs for investing? There’s no doubt in my mind that perhaps in the next five to 10 years drugs will be develope
Related Questions
- new teacher training pathways will result in highly effective changes in teacher preparation for undergraduates and graduates. Which program is right for you?
- If our brain is able to build new circuits and repair itself, why aren’t we all geniuses, highly successful, and living an effortless life?
- What Is Warren Buffetts Investing Style?
