The 11 Attributes of Successful Investors
The view of global fund manager Magellan is that any true investor should aim to generate a satisfactory return on capital over time while minimising the risk of a permanent capital loss.
While investing can at time appear to be an easy task, very few people maintain outstanding investment records over the long term. Magellan Asset Management Limited CEO Hamish Douglass has spent considerable time thinking about the attributes of successful investors that he admires, and aspires to emulate, and has set out his observations in this paper.
A copy of his recent paper, "Being an Investor", is available here.