I play poker, and if there is one thing poker has taught me, it's that success is almost always a mix of skill and luck. In the short term luck dominates skill.

I play poker, and if there is one thing poker has taught me, it's that success is almost always a mix of skill and luck. In the short term luck dominates skill. In the long term it's the other way around. The kicker is that bad luck in the short term can preclude the long term skill effect from kicking in, because if you go bust you can no longer compete.