Exploring the impact of luck and randomness on investment outcomes, highlighting the importance of discerning between the two phenomena. The chapter also touches on risk mitigation through journaling and the integration of skill and luck in investment strategies.
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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