Warren Buffett Discusses The Importance of Emotional Stability When Owning Stocks
By Jairaj Singh, Associate Partner & Mentorship Coach, Lighthouse International
Why is emotional stability so important? Why is it important in our lives and why is it important in our businesses?
In life, as in relationships and, as we'll see below in business, emotional stability is absolutely crucial to be able to cope with the ups and downs of the many situations that can come our way.
As legendary investor Warren Buffett says below, emotional stability is something most investors don't have when they own stocks. Having emotional control and emotional intelligence enables us to deal with external situations like a market going down without panicking! Yet how many of us when we lose money get fearful and worried?
Watch Mr Buffett lay out the case to be educated to have more emotional control below...