Title: 8 Ways to Think Like Warren Buffett
Headings: 8 Ways to Think Like Warren Buffett
8 Ways to Think Like Warren Buffett
1. Stocks Are a Business
2. Increase Your Investment
3. Reduce Portfolio Turnover
Warren Buffett: InvestoTrivia Part 2
4. Have Alternative Benchmarks
5. Think in Probabilities
6. Understand the Psychology
7. Ignore Market Forecasts
8. Wait for the Fat Pitch
The Bottom Line
Article Sources

Content: 6. Understand the Psychology
Very simply, this means that individuals must understand that there is a psychological mindset that the successful investor tends to have. More specifically, the successful investor will focus on probabilities and economic issues while letting decisions be ruled by rational, as opposed to emotional, thinking. More than anything, investors' own emotions can be their worst enemy. Buffett contends that the key to overcoming emotions is being able to retain your belief in the real fundamentals of the business, and not get too concerned about the stock market. Investors should realize that there is a certain psychological mindset that they should have if they want to be successful, and try to implement that mindset. 7. Ignore Market Forecasts
There is an old saying that the Dow "climbs a wall of worry ." In other words, in spite of the negativity in the marketplace, and those who perpetually contend that a recession is "just around the corner," the markets have fared quite well over time. Therefore, doomsayers should be ignored.