Advice from really smart people

March 1, 2012by Hoy Grimm0

Jeremy Grantham publishes a quarterly investment outlook that is widely read and circulated by investment professionals. In his most recent letter. He outlines 10 investment lessons that are a great example of his thinking. After pondering the list and sifting through the useful and the very useful, my favorites are:

#5Recognize your advantages over the professionals

and

#6Try to contain natural optimism

Notice that none of Grantham’s points seek to improve your analytical skills but instead focus on corralling errant human behavior.

Hoy Grimm

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