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> Warren Buffet is wealthy for a reason. Is it because of luck? Not trying to be silly, but how would you truly know it isn't just luck? E.g. read Fooled by Ra
by malteof 7y ago
> Warren Buffet is wealthy for a reason.
Is it because of luck? Not trying to be silly, but how would you truly know it isn't just luck? E.g. read Fooled by Randomness for more background.
- javert 7y agoBuffet has a methodology that makes sense. That is a better explanation of his success than positing that it was random luck. In general, though, if you look at mutual funds and hedge funds, I suspect that a lot of the winners and losers can best be explained by random luck. So in that sense, I agree with you. I haven't read Fooled by Randomness yet but it's on my bookshelf ;)