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I don’t really know much about Victor Sperandeo, yet what he is saying here is absolutely true.
Making money trading stocks is far more about emotional discipline than it is smarts.
In fact intelligence alone is no indicator of financial success.
It may seem like the smarter a person is the better results they will get in the stock market and as an entrepreneur, yet this is completely untrue.
In terms of investing, this is what Warren Buffett says about IQ:
“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with a 130 IQ. Rationality is essential,”
And in terms of starting a business in actual fact it has been said by many entrepreneurs that having too high an IQ can actually cause a person not to get started at all.
Because the guy with the high IQ can look ahead at a project and see that following the plan they have at the time will surely end in failure. And this can actually be quite true…
Your initial plan for success is often not 100% correct.
However success is not achieved just through planning your work, but also working your plan.
Nine times out of ten my initial idea when going into a project is not how the project ends up. It evolves, it changes, it adapts.
More important than specific IQ or intelligence is having emotional aptitude, fortitude and persistence.
“Emotional aptitude is a meta-ability, determining how well we can use whatever skills we have.” — Daniel Goleman.
The word “meta” he used there is really very interesting to me.
“Meta” means “beyond”, for example like meta-thinking which sound complex but in actual fact it’s understanding of levels of mind and thinking about things on different levels and therefore in new ways.
Meta-ability which I just came across in that quote I assume follows a similar trend.