A few days ago on HN the letter-to-shareholders by Howard Marks was posted, where he says investing is like Blackjack or Backgammon (it involves luck and skill)

A few days ago on HN the letter-to-shareholders by Howard Marks was posted, where he says investing is like Blackjack or Backgammon (it involves luck and skill) and how a good decision doesn't necessarily bring a good result and vice versa. I think this applies to life itself. Everything you do is a bet where only part of the information is available, and all you can do is to have a good decision process, which can still lead to unfavourable outcomes.