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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: Maurice Winn who wrote (51399)6/15/2009 8:19:24 PM
From: carranza2  Read Replies (3) of 219931
 
Success in life is a bit like success in stock markets = it's hard to know whether it's due to intrinsic greatness, or simply luck, aka probability. If the successful know quite a lot, they imagine they were right because they are smart. But success is not ipso facto evidence of smartness, though it's better evidence than the alternative and is, as far as nature is concerned, the definition of smart.

All very true, except that you do not note the old bromide about luck favoring the prepared or, as my father pithily says, good luck is hard work.
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