You are a Trader!
The Trader archetype is epitomized by George Soros who can act primarily from unconscious competence – what most people would call “intuition.”
The Trader can also act decisively, and instantly on incomplete information, trusting to his "feel for the market." One ability that sets the Trader apart is that he never hesitates. He is always prepared to take instant action, especially when the unexpected occurs. He is also capable of comfortably handling situations that, for most people, would be sources of great stress.
(Note: Since you aren't displaying scores yet, you may want to remove or edit this next sentence) If your Trader score is less than 40% you’d be advised to avoid trading or speculating entirely.
You can invest successfully, even if you do not have the predisposition of a Trader, by steering clear of investment methods that require quick decisions and fast action.
Needless to say, regardless of your investment style there can be times when the skills of the Trader would come in very handy. So it would still pay you to improve your abilities in this area, even if your personal investment system isn’t centered around trading.
One way is to improve the certainty with which you make investment decisions: then, when the time comes to act, your course of action will be clear and you’ll have little reason to hesitate.
Summary & Next Steps
The Master Investors like Warren Buffett, Carl Icahn and George Soros can each act from all of these styles. Nevertheless, they each have a clear predisposition for one particular style. So, should you wish to be a great investor like them, you’d be advised to master all three styles even though you will primarily act from just one of them.
If your ambitions are not quite so lofty, it will pay you to be clear about the style you prefer. And to choose an investment area that’s compatible with it. One of the secrets of the great investors’ success is that they develop investment methods that are compatible with their personality.
This survey will, we trust, help you focus on the kind of investments that are right for you.
This questionnaire is based on my book, The Winning Investment Habits of Warren Buffett & George Soros. You can find more about the three archetypes of Investor, Trader, and Actuary there.
In appreciation of the time you took to complete this questionnaire, I’m sending you an invitation to receive an excerpt from the book titled: The 7 Deadly Investment Sins.
These are widely-held beliefs about investing that are hazardous to your wealth. Beliefs that Master Investors like Warren Buffett and George Soros emphatically do not share. I hope you enjoy it!
If you have any comments, questions, or feedback of any kind we'd love to hear from you. Just email ipp@marktier.com.
PS. PLEASE NOTE: This report has also been emailed to you. But as occasionally people have reported that the report doesn’t display properly in their email program, I suggest you keep this window open until you have checked your email.
PS. My Investment IQ Test is a companion to this one. You see your Investment IQ compared to that of Buffett, Icahn and Soros — and get a 9-page report, based on your answers, to help you implement the 23 winning investment habits in your own investment. Take a look at My Investment IQ Test.