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Ned Davis on the Four Basic Traits of Successful Investors

Good stuff here from Barry Ritholtz who recently interviewed Ned Davis of Ned Davis Research.  Davis provided Barry with his 4 basic traits of successful investors:

If you want to know if its worth your time to spend an hour with this legendary technician, consider what Ned calls the four basic traits of successful investors:

1. They look at objective indicators. Removing the emotions from the investing process, they focus on data instead of reacting to events;
2. They are Disciplined:  The data drives decision making with pre-established rules. External factors do not influence them;
3. They have Flexibility:  The best investors are open-minded to new ideas, or revisiting previous thoughts;
4. They are Risk adverse: Not always obvious to investors, it is a crucial part of successful investing.

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