In an article by U.S. News columnist Lou Carlozo, “10 Skills the Best Investors Have,” TCU Finance Professor Larry Lockwood rates intelligence and hard work among the most important skills an investor can have.
“Good investors don’t make major decisions based on tips they read on message boards or overhear in the hallway,” Lockwood says in the article. “They examine publicly available information about companies, listen carefully to conference calls and ignore market noise.”
Lockwood is the Stan Block Endowed Chair in Finance and faculty advisor to the TCU Educational Investment Fund. He also teaches the Chartered Financial Analyst track.
Of the 10 skills listed in the US News article – hard work, persistence, discipline, skepticism, planning, ongoing education, analytical ability, having a vacation plan, following the news and investing in the long haul – Lockwood says, “There is no substitute for hard work and intellect.”
He adds, “Good investors conduct their own due diligence.”
Read the entire article here: http://money.usnews.com/investing/slideshows/10-skills-the-best-investors-have