6min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP554: Mental Models for Successful Investing w/ John Jennings

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Success Equation by Michael Mobison

The success equation by Michael Mobison, who has been on the show back in 2021, I believe. In it, he has what he calls the skill luck continuum where certain activities fall somewhere on the spectrum of primarily being skill-based or primarily be luck-based. Based on your research and writing this book, where do you think investing falls on this spectrum? "It's definitely much more towards gambling"

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