You must have the discipline and temperament to resist your impulses. Human beings have precisely the wrong instincts … - Irving Kahn

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Any party that would put Sarah Palin up on a pedestal will never have my support.

Irving Kahn

You must have the discipline and temperament to resist your impulses. Human beings have precisely the wrong instincts when it comes to the markets. If you recognise this, you can resist the urge to buy into a rally and sell into a decline. It’s also helpful to remember the power of compounding. You don’t need to stretch for returns to grow your capital over the course of your life.

Beings, Discipline, Needs, Precisely, Return, Temperament

Same Author Quotes

I stopped wasting time on what [other] people claimed a stock was worth and started looking at the numbers.

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Investors must remember that their first job is to preserve their capital. After they've dealt with that, they can approach the second job, seeking a return on that capital.

Dealt, Firsts, Job, Jobs, Return, Seeking

Real investors should never feel bearish because the time to buy value is when markets go down!

Bearish, Feels, Real, Should, Time

Investors have no reason to feel bearish. True value investors are glad the markets are down.

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Don't depend on recent or current figures to forecast future prices; remember that many others knew them before you did

Current, Currents, Figures, Future, Remember