Marks argues feeling uncomfortable when investing during crisis is normal and necessary for good investing.
“If you committed to spend money as we did on September 19 and you're not uncomfortable, there's something wrong with you.”
His team bought at market lows because geographic distance from New York prevented emotional contagion.
“Our team was able to buy at the market’s lows because they weren’t in New York, where everyone was sharing horror stories and depressing each other.”
Other investors' emotions become advantage or threat depending on your emotional discipline.
“Other investors’ emotional swings can be a threat… or a competitive advantage. What determines which one it is, is your ability to keep a cool head.”