Jim Cramer argues that keeping your emotions in check is the hardest part of being a successful investor.
Keeping your emotions in check is the hardest part of being a successful investor, CNBC's Jim Cramer says.For CNBC's
"For many of you, managing your emotions will be the hardest part of investing; harder than even picking winners, harder than identifying new trends, harder than knowing when to cut your losses," the "Owning stocks is no walk in the park, Cramer said. Unless you can predict the future, mistakes are inevitable, and losing money can be really difficult to handle.
"I was the opposite of the Dalai Lama," he confessed. "You did not want to be around me on a down day, especially if I was way too long. So I can tell you from experience that this is not a productive attitude." If you want to be a stellar stock-picker, you have to have your head in the game every day so you can spot opportunities and take advantage of them, he continued.
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