Napoleon’s definition of a military genius was quote, the man who can do the average thing when everyone else around him is losing his mind. I’m going to repeat that because it is such a ridiculously good quote. A military genius is the man who can do the average thing when everyone else around him is losing his mind.
It is the exact same in investing to be a good investor over time. You don’t need to make a lot of genius decisions. You just need to be merely average when everyone else is making bad decisions, as many people are.
-Morgan Housel, from this blog post
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