You don't need to have a high IQ in order to be a successful value investor.
That is the message that we have often heard from Warren Buffett (Trades, Portfolio), but you have to admit that it is easy for him to say given that he is a genius.
David Rolfe (Trades, Portfolio) of Wedgewood Partners agrees. Rolfe thinks that as long as you are able to navigate yourself around Omaha, you are smart enough. There are other traits that are more important than intelligence when it comes to investing.
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