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Mostly it’s random chance. The reality of investing is that it’s mostly down to chance. Take an equally skilled set of investors and give them the same market a
by ttul 5y ago
Mostly it’s random chance. The reality of investing is that it’s mostly down to chance. Take an equally skilled set of investors and give them the same market access and some will do exceptionally well.
- bidirectional 5y agoThis does not stand up to scrutiny at all, for any kind of investing. There have not been so many VC/hedge/PE funds in history that the top ones would arise through chance.
- SanFranManDan 5y agoI mean you can get ten thousand monkeys throwing darts at a board full of companies as an investment strategy, and a handful of those monkeys will be top performers with excellent returns.
- prepend 5y agoHow many vc/hedge/pe funds were there? How many funds around today were here 20 years ago. Failures don’t typically advertise and it’s quite likely there ARE/WERE thousands or millions of small firms managing a few million each.