QOTD: Constantly Humble

What differentiates successful investors from others is not related to intelligence, but rather related to attitude. Warren Buffett often uses the adjective RATIONAL to describe good investors. Rational investors do not let themselves be influenced by fads or crises. Aside from a rational attitude, another important quality (and one apparent in Warren Buffett) is the capacity to always want to learn and progress. The world is in a perpetual state of evolution and it is not easy to for someone to also constantly evolve. To be in a constant state of learning, one must not only be passionate for their art, but also humble. Without humility, there is no opening for something new. Therefore, paradoxically, successful investors must be able to combine both a high confidence in their judgment while also remaining constantly humble. A difficult and fragile equilibrium.

- Francois Rochon (Giverny Capital)