Abnormal Returns picks
through an interview between Kiplinger's and Warren Buffett
sidekick Charlie Munger:
How important is temperament in investing? A lot of people with high
IQs are terrible investors because they've got terrible temperaments.
And that is why we say that having a certain kind of temperament is
more important than brains. You need to keep raw irrational emotion
under control. You need patience and discipline and an ability to take
losses and adversity without going crazy. You need an ability to not
be driven crazy by extreme success.
Adam Rabiner keeps an eye out for domain name values as his company,
Communicate.com, is the holder of many single-word domain names, such as
karate.com and boxing.com. From his
blog:
Domain Name Journal reports that last week, Myblog.com sold for
$400,000 and Sofa.com sold for $200,000.
My wife thinks I need occupational therapy because I can't do this. For my next Web
start-up, I'll be sure to
remember these. And, finally, readers of the Internet Review will
appreciate this.
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