"The most important quality for an investor is temperament, not intellect." - Warren Buffett

"Temperament is also important. Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior are essential to long-term success." - Warren Buffett

"The pendulum of investment psychology is constantly fluctuating between optimism and pessimism, between greed and fear." - Howard Marks

"It takes extraordinary wisdom and self-control to accept that many things have a logic we do not understand." - Nassim Taleb

"Your stomach is more important than your brain." - Peter Lynch

"I'm only rich because I know when I'm wrong." - George Soros

"Markets are constantly in a state of uncertainty and flux." - George Soros

"A lot of people with high IQs are terrible investors because they've got terrible temperaments." - Charlie Munger

"I think there's something to be said for developing the disposition to own stocks without fretting." - Charlie Munger

"It's waiting that helps you as an investor and a lot of people just can't stand to wait." - Charlie Munger

"Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Benjamin Graham

"The intelligent investor is a realist who sells to optimists and buys from pessimists." - Benjamin Graham

"Investing is the intersection of economics and psychology." - Seth Klarman

"Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands." - Seth Klarman

"Because most people are more emotional than logical, they tend to overreact to short-term results." - Ray Dalio

"The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological." - Howard Marks

"The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed." - Peter Lynch

"The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong." - George Soros

"The investor’s chief problem – and even his worst enemy – is likely to be himself." - Benjamin Graham

"The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions." - Seth Klarman

"In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money." - Ray Dalio

"The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." - John Templeton

"It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong." - George Soros

"Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage." - Peter Lynch

“The consensus is often wrong, so I have to be an independent thinker. To make any money, you have to be right when they’re wrong.” – Ray Dalio

“You have to be an independent thinker because you can’t make money agreeing with the consensus view, which is already embedded in the price.” – Ray Dalio

“Training oneself not to go with the crowd but to be able to zig when the crowd zags, in my opinion, is one of the most important fundamentals of investment success.” – Phil Fisher

“Markets are in a constant state of uncertainty and flux and money is to be made by discounting the obvious and betting on the unexpected.” – George Soros

“It is impossible to produce superior performance unless you do something different from the majority.” – Sir John Templeton

“The only way for investors to significantly outperform is to periodically stand far apart from the crowd, something few are willing or able to do.” – Seth Klarman

"In order to be correct in the markets, in order to make money in the markets, you have to see something that the consensus doesn't see. So you have to have an independent point of view." – Ray Dalio

“Contrarian investment behaviour requires shunning the loved and embracing the unloved. Most people do the opposite.” – David Swenson

"Sooner or later the market will do what it has to do to prove the majority wrong." – Peter Cundill