Building on what I wrote earlier today, I believe there’s a misconception about what makes a truly successful money manager … whether that person is managing his own money, or other people’s. To the man-on-the-street, the qualities that make a successful investor are usually high intelligence–often demonstrated through an MBA and/or a resume chock-full of jobs at places with great reputations–and the ability to foretell the future … the so-called “Seeing Eye” of investing. In my opinion, that is totally missing the boat. First of all, in the stock market, you’re probably better off having a master’s in psychology...
