Obi’s Reviews > The Psychology of Money > Status Update

There’s the old pilot quip that their jobs are “hours and hours of boredom punctuated by moments of sheer terror.” It’s the same in investing. Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spent on cruise control. A good definition of an investing genius is the man who can do the average thing when all those around them are going crazy.