…you happen to invest during a long period of well below average returns, bad luck can sometimes get the best of you. Planning for a low return environment from the…
Search Results for: Luck
Lessons From a Quantitative Investing Conference
…Hoffstein from Newfound Research gave an excellent presentation on one of these, which he called “timing luck”. Timing luck is the idea that two investors who follow the exact same…
Most Read Posts on Validea’s Guru Investor
…[2] Highest-Paid CEOs Tend to Run Worst-Performing Companies [3] The 40% Rule in Forecasting [4] Housel on the Irony of Luck ——- Photo: Copyright: arcady31 / 123RF Stock Photo …
Housel on the Irony of Luck
…and neither does luck. Both just show up, unannounced, eager to humble you.” Both luck and risk mean different things to different people. “Experiencing risk reduces confidence when it should…
Why Both Sides of the Active vs. Passive Debate Are Right
…result of luck or skill because they follow a consistent, repeatable process. They also eliminate the risk that a manager who has succeeded with one strategy will change that strategy…
Housel Lists Factors That Can Kill Competitive Advantage
…can get in the way of business-building strategy. “Mistaking a temporary trend for a competitive advantage:” Luck, says Housel, can be mistaken for skill. “Designing a device or discovering an…
Warren Buffett is the Best Stock Picker
…constitutes far more than good luck. The article outlines a variety of data points to support this argument, including those of growth funds and “bot” stock picking strategies. “Good luck…
Ritholtz on Market Trends
…investor’s enemy, says Ritholtz. “People confuse outcome with process,” he says, and tend to flock to those managers that have seen recent success. Separating skill from luck is difficult, he…
Conventional Fund Manager Evaluation is Wrong
…be thought of as containing two components: skill and luck,” adding that, over one-, three- and five-year time periods, “it’s not uncommon for luck to overwhelm the impact of skill.”…
What BitCoin Can Teach You About Investing
…they have. Whether that decision was the result of skill or luck or a combination of both, it has definitely worked out well. The problem typically arises, however, in the…