Exploring the distinction between luck and randomness in investment careers, emphasizing the role of decision-making processes over uncontrollable outcomes. Discussions on identifying risks, crafting investment theses, and grasping the impact of randomness on investment results.
In investing, you’re always searching for a pot of gold. But sometimes, “luck” has other plans.
Nick Sciple, Jim Gillies, and Emily Flippen got together on an episode of our members-only livestream for a conversation about the role of luck in investing. In this selection from that conversation, they discuss:
- Being early to trends, and lucky to sell
- The importance of journaling
- Time horizons, and what it means for stocks to be “up for sale every day.”
To learn more about Stock Advisor, our flagship investing service, visit: www.fool.com/emily
Host: Nick Sciple
Guests: Jim Gillies, Emily Flippen
Producer: Mac Greer
Engineers: Rick Engdahl
Companies discussed: BCE, RY, NFLX, GPRO, AMZN
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