While Washington, D.C. leaders fight over who's more intelligent, billionaire businessman Warren Buffett says there's a specific IQ score you need to succeed: 130.
But Buffett has long said that IQ isn't the single defining factor to being successful. More important than IQ, he says, is rationality and emotional stability.
"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," Buffett said.
Even if you do have an IQ of 160, Buffett says you should just "give away 30 points to somebody else" because "you don't need a lot of brains to be in this business."
"What you do need is emotional stability," he adds."You have to be able to think independently."
"Your habits, character, temperament and ability to think independently together allow you to behave rationally."
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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