巴菲特泼冷水：投资成功不靠聪明脑瓜，靠啥？

Group 1 - The core message emphasizes that emotional stability is more important for investment success than high intelligence, as highlighted by Warren Buffett's insights [1][3] - A study shows that investors with an IQ above 140 have a 15% lower long-term return compared to those with an IQ of 120, primarily due to overconfidence [3] - Buffett's approach during market downturns, such as the 2020 pandemic, illustrates his ability to remain calm and make informed decisions based on intrinsic value rather than panic [3] Group 2 - Emotional stability is characterized by the ability to withstand market fluctuations, as demonstrated by Buffett's long-term holding of Coca-Cola despite multiple downturns [3] - Buffett dedicates significant time to reading financial reports and news, focusing 70% of his energy on understanding potential mistakes, which is crucial for maintaining emotional stability [3] - Practical tips for ordinary investors to cultivate emotional stability include setting a cooling-off period before making purchases, limiting the frequency of account checks, and employing contrarian thinking [4]