Tag Archive: Lessons

January 1, 2015

Lesson 6: Luck versus Skill

Expanding on the piece “Seven Lessons That I’ve Learned” , here is a summary on Lesson 6 : You Need to Understand the Role of Luck versus Skill. We explore how you can improve your investing and trading by understanding the role of luck and how to minimize it, so as to preserve your capital and focus skill. Here’s the original article: http://www.smbtraining.com/blog/lesson-6-luck-versus-skill

August 5, 2014

Better Lucky Than Good?

“Better lucky than good” How often have we heard this expression? In some ways, it’s quite funny: we assume that luck can’t be taught and skills can, so we’d prefer to have luck and learn the skill part later. I find it interesting in a trading context, because most would prefer to possess just true […]