The Difference Between Risk and Luck

In both business and investing, it gets dangerous when we admire and look up to people who've been very successful. Lots of times the behaviors and th s that were necessary for extremely good returnsing high success, are the same behaviour that would have led to a disaster in terms of a huge decline. And risk and luck, i think, are more or less the same thing. They are josth opposite sides of the same coin. Both the idea that there are things that can happen in the world that are outside of our control that have big impact on outcomes.