Barry Ritholtz in an article over the weekend wrote about the many skills, or hats, a great investor needs to possess. It is not sufficient to be well-versed in the finance domain. Other important skills include a keen sense of history, including but not limited to market history and a keen sense of skepticism. It shouldn’t be surprising that the one thing that many investors, including Warren Buffett, do is spend their time reading. This ongoing need for education is an important differentiating factor between those investors who succeed over many cycles and those who are unable to adapt to the market’s changing nature. In today’s screencast an important reminder that investor education does not end at the school room door.
Items mentioned in the above screencast:
Great investors wear many hats. (WashingtonPost)