Investing comes down to the end; intelligence is the foundation, and emotions are the watershed.

Highly intelligent people, if they cannot control greed, panic, and arrogance, even the most precise analysis will become cannon fodder for emotions. The truly crucial factor is the "anti-instinct" temperament: the ability to wait, to endure, and to take profits, maintaining composure amidst the wild fluctuations.

As Munger said, "You have to tame the gorilla inside"—it's not about being smart, it's about whether you can manage your emotions. #美7月PPI年率高于预期 #Gate Alpha巅峰交易赛 #PI