Do you need professional qualifications to be a Good Manager?

This was the question, revolving in many peoples mind in the recent past who are working in IT industries. I was reading an article from my friend Kolli on qualifications for Good Managers (who has double Masters from a reputed University at US and pursuing Phd currently).
Even when there was no education on management, we had best managers. With or without management education, they do have some wonderful traits. That made them best, and what would they be? I am inspired and picked up few points from his article. This is what he believes are the primary instintcts of the Best manager :

1. SMART: Being able to understand the difference between good and bad, truth and lie, and being able to deal with good and bad politics.
2. GOOD: Being a good person is most important for a manager. Otherwise it can affect a whole organization and many jobs.
3. STRONG: Being able to protect the team from controversies and take ground when you know your team is right.
4. PROACTIVE AND ADAPTABLE: Helps them to prevent mistakes and react fast to changes and get good from the changes. And makes them capable to use new technologies to be ahead.
5. VISION: A vision to make well defined goals, to see future trends in work and technology and use those tools to bring best helps them to bring best into task/projects they take care of.
6. HONEST and TRUSTWORTHY: Arguably this is part of good, but I find this so important that it merits being mentioned separately.
7. MISSION: Does not allow daily urgencies to deflect from the ultimate longer term goals.
8. OBSERVE and RESPECT: Listen, look, Pay attention to other people's goals, opinions and actions.