“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.”
Think you can’t make it big on Wall Street because you’re not the next Bill Gates? Think again.
Warren Buffett maintains that investing isn’t rocket science. In fact, one of the biggest misconceptions about investing may be that only those with a considerably high IQ can pick out the successful stocks and earn big money through investing.
In reality, intelligence might be one of the least foretelling factors of investment success. You don’t need to be a genius to follow Warren’s investment strategy and philosophy. All it takes is common sense and the ability to follow directions.
Of course, this doesn’t mean that anyone can become a millionaire by simply heeding Warren’s advice. It’s important to remember that investing in the stock market is nearly always a journey that is rife with mistakes and learning experiences.
There is no “easy button” to press for successful investing, just as there is no magic formula to make it happen. For this reason, Warren cautions against putting one’s faith – and money – in the hands of self-dubbed investing experts who claim to hold the secret keys to success in the stock market.
In his own words, Warren says, “Beware of geeks bearing formulas.”
If anyone tells you they have an unbeatable system for investing success and will earn you big bucks on the market as long as you pay them their exorbitant fee, run the other way as quickly as possible. These salesmen may be savvy, and they may even be a lot smarter than you, but remember: You don’t need big brains to be a successful investor.
All you need is common sense, a realistic, proven approach, and the willingness to live and learn.