So You Want To Be The Next Warren Buffett? How ís Your Writing?

http://www.manualofideas.com/files/sellers.pdf

This essay by Mark Sellers is one of the best on investing.   However, it is easy to talk the talk, but hard to walk the walk. The last point the author stressed:

"And finally the most important, and rarest, trait of all: The ability to live through volatility without changing your investment thought process. This is almost impossible for most people to do; when the chips are down they have a terrible time not selling their stocks at a loss.."

But when the chips were all down in the dark days of 2008, Sellers sold out his positions in his funds and handed his investors huge losses.  It is ironic but it is also understandable.

So at the end of the day, it is not the brain or writing, but stomach, that determines one's investment success.