Warren Buffett: 160 IQ Investor
on Saturday, March 20, 2021Warren Buffett Money Quote saying intelligence is less important than temperament in successful investing. Warren Buffett said:
“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ” — Warren Buffett
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Warren Buffett is saying that how smart or intelligent you are, as measured by an IQ score, is less important for successful investing than your temperament or personality traits.
Buffett believes that traits like patience, discipline, and an ability to keep calm during market volatility are more crucial than raw intelligence. He’s suggesting that someone with average intelligence but the right temperament can outperform someone with a very high IQ but the wrong temperament when it comes to long-term investing success in the stock market.