Views on market volatility

Temporary falls in the prices of quality companies only cause a real loss if you are forced to sell. Astute investors are those who emotionally overcome their distaste of volatility and recognise that their ability to it is what gives them a high return.

Or, as Warren Buffet puts it: To invest successfully over a life time does not require a stratospheric IQ, unusual business insights or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from eroding that framework.

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