Luck vs. Skill
Comments posted to “The Role of Luck and Skill in Investing,” an interview with Michael Mauboussin, in the September 2013 AAII Journal.
I’ve struggled with how much of the returns in my system are “luck” and how much are “skill.” Only the most egocentric would assign a lot of skill, and those folks are riding for a fall.
...To continue reading this article you must be registered with AAII.
to read this article and receive access to future AAII.com articles.
Already registered with AAII? Login to read the rest of this article.