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How Much Luck in Investing Success? My Experience in 2008/09
By STE's Stocks Investing Journey  •  March 1, 2017
We all know well that market are efficient (most of the time) and many active management fund outperform because of “luck “ and not skill.  You may find out more about this topic in my previous blog on  Success in Investing : Skill or Luck ?  (here ). As most of the investment professional think, it is hard to admit that luck plays as significant a role as skill in their investment success. That's not to say skill is unimportant but betting on continued success doesn't work well in investing as in other fields. Michael J. Mauboussin author of "The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing." Mentioned in his book that “It's useful to take a step back to consider why betting on continued success doesn't work in investing.It certainly works in many other fields. For instance, you can count on the best chess players, sprinters or pianists to continue to perform at a high level for their next match, race or concert. In these activities, results correlate highly with skill ......
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By STE's Stocks Investing Journey
Hi Everyone ! is me STE, I would like to start a blog to pen down and document my thoughts on stocks investing and also “talking to myself “ on some issues relating to investing ideas / world . I will try not to mention any particular stock in my blog post as it is very hard to do any “prediction or forecast “ of future or stock's movement and also this may attract unnecessary dispute / incident if anything goes wrong .. I will be using more graphic / chart / table / quotes to explain my thought and ideas as “ pictures worth more than thousand words “ ,, the most important things is …I don’t really good in explaining things in words.. haha .
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