What is the interrelation between Wisdom & Long Term Value Investing?

In my opinion, wisdom and long term value investing are interrelated to each other. A person has to be wiser in order to be successful in long term value investing. In other words, investor is forced and trained to be wiser if he/she wants to succeed in long term value investing. And when an investor has made consistent gains from his/her long term investing in a long period of time let's say 10 years and above, it is to be sure that the investor is a wise person or at least is a wiser person.

Below are the characteristics of a successful Long Term Value Investor:

(1) To be proactive learners - the more the investor learn the less he/she knows.
"Stay Hungry, Stay Foolish" - Steve Jobs

(2) Always be humble
Humility is very important. It makes the investor to improve his/herself to be better and be receptive to new ideas/ways.

(3) Always do detailed study and based on data
Always do a detailed study before making a decision. Never decides based on pure assumptions.
“You are right not because you think you are right or people think you are right but because your data is right”. - Warren Buffet.

(4) Be patient and able to control emotion
After doing a detailed study on his/her investment choices, the investor will be patient in waiting for the return to be materialized. The investor should be able to control his/her own emotion from fear or greed (unnecessary feeling based on emotions).

(5) Focus, discipline & persistent
To succeed in long term investing, an investor has to:
- focus on the industry he/she is more familiar with,
- taking one step at a time, persistent and steady,
- continuing focus to his/her long term goal.

(6) Strive for risk

Stock investing involves risk: in any business, there is a possibility that the business plan does not turn out according to what the investor has gained from his/her analysis. 

However, the investor can minimize the risk by studying thoroughly. 

To be successful in investing, investor is required to strive for risk.

"Risk comes from not knowing what you are doing." - Warren Buffett