About a week ago, I blogged about within the financial markets, how many investors are truly skilled investors. We talked about how luck plays an integral part in our investing journey, argued that it is very important for investors to have a good concept of the importance of luck and approach investments in a probabilistic manner
Simply put, the better the odds are, the more you should be investing on it.
If you are foreign to the above concept, we strongly urge you to have a glance at the previous article before diving head in into this article, where we discuss whether luck matters in investing.
Role of luck in great returns – time horizon
We believe that there is indeed greater luck involved in the short run compared to the long run. Just imagine that you were speculating in the forex market by attempting to predict the Brexit results. Unless you had