Being an intelligent investor is not dependent on your IQ or academic prowess. It is more of the character than the brain. Fortunately, everyone can cultivate this character! An intelligent investor is one who does not give full rein to his emotions. He exhibits enthusiastic desire to learn and is patient enough to dig deep before committing resources to any investment vehicle.
Your best investment ideas will come when you do your homework. Spend time reading annual reports of companies, industry articles and investment magazines like InvestmentFrontiers. Stop wasting your time predicting the direction of the market. Always do your own investigation. Stop depending on those who make a living advising people to take unreasonable decisions.
Sir Isaac Newton was a failure!
He was a man of genius and, undoubtedly, one of the greatest scientists of all time, by all standards. Isaac Newton discovered gravity and made immense contributions to mathematics and science. His investment in shares dates back to 1720 when he bought the hottest stock in England then South Sea. Newton cashed in on the unsteady nature of the stock market, walking away with £7,000 (making 100% profit).
However, he later succumbed to the madness of the market participants by buying overvalued stock. By allowing his judgement to be clouded, the world's greatest scientist acted like a fool losing £20,000 (worth over $3 million now). Until his death, Newton prohibited people around him from mentioning "South Sea". Sir Isaac Newton was indeed an investment failure!
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