A propensity to hope and joy is real riches; one to fear and sorrow real poverty.
~ David Hume
David Hume on Circumstance
He is happy whom circumstances suit his temper; but he Is more excellent who suits his temper to any circumstance.
~ David Hume
Charlie Munger on IQ and Temperament
A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.
~ Charlie Munger