Warren Buffett: You can’t act every day

“There are no secrets in [the investing] business that only the priesthood knows…. It’s all out there in black and white. It’s a simple business…. It requires qualities of temperament way more than it requires qualities of intellect…You do need a certain temperament that enables you to think for yourself. And then you have to develop a framework — and I developed it from reading Ben Graham, I didn’t come up with it myself — very simple framework. And then you have to look for opportunities that fit within that framework as you go through life, and you can’t do something every day…You can learn every day, but you can’t act every day.”

—Warren Buffett.