Part 3/10:
A central theme in Marks’ work is the concept of temperament. The ability to remain unemotional in the face of market fluctuations is a skill he advocates for investors. Drawing parallels with basketball, he notes that while some traits, like height, cannot be coached, emotional discipline can be cultivated. Investors need to grasp why emotional responses can lead to poor decision-making and strive to improve their reactions over time.