Investing

Quote from Benjamin Graham, Father of Value Investing:
Investing, did not require a genuis. What it needs is, first, reasonably good intelligence, second, sound pricinples of operation; third, and most important, firmness of character.

Without firmness of character, the previous two would only bring disastrous result to our investment. Be prepare your investment could be shrink to 50% of its original price that you pay for it. If you could not resist of this change, investment is not within your circle of competence. What i am talking about is choosing a sound and good business, not a bad business for investment. When you choose a bad business, worse can be only worsen.