Zweig: The best investors often possess an autistic-spectrum emotional detachment
Jason Zweig · #4 Jason Zweig: Elevate Your Financial IQ · Oct 19, 2015 · at 36:09
Jason Zweig discusses the psychological profiles of legendary investors like Benjamin Graham and Warren Buffett.
0:00 / 0:33exact quote · 33.6s
720p mp4 · rendered on demand · StarZero watermark
“A lot of the best investors Have that sort of touch of something on the autistic spectrum. It's a little bit of detachment from other people's emotions that enables them to stand back and look and observe what other people are feeling and say, that's funny. Why does feeling that way make sense? And that enables them to invert The prevailing emotional forces in the market and turn it to their advantage.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jason Zweig
Zweig: Venture capital valuations ramp up without properly accounting for dilution
“They set their own valuations, and there's also a disturbing wrinkle in that the valuations sort of as a new round of capital comes in that ramps up the valuation without accounting for dilution the same way you would in a public company. And I think that's ve…”
Charlie Munger told Zweig he fears the loss of media oligopolies
“Charlie Munger told me last year when I was at the Daily Journal meeting in Los Angeles that he really fears for the future of the Republic, as he puts it that newspapers like the Wall Street Journal and the New York Times no longer have the, I guess I would s…”
Zweig: Institutional investors were completely sidelined during the 2008 financial crisis
“And, you know, the last time individual investors could Have a powerful valid answer to those questions was during the 2008, 2009 crisis when institutional investors were completely sidelined. Because they could not summon the liquidity in the midst of massive…”
Zweig: Trading is hubris; trading less generates fewer opportunities for error
“Trading is an act of hubris, and the less you trade, the fewer opportunities for error you generate over time.”
Zweig: The best investors are inversely emotional, not unemotional
“I think the best investors are not unemotional. I think they're inversely emotional.”
Zweig: Insular VC social circles breed more toxic excess than public markets
“In some ways, a smaller social circle of people all doing the same thing can be maybe more of a toxic breeding ground for excess enthusiasm than even a public market can, because they're all talking to each other. They're all talking to each other all day long…”