…he takes on the concept of the stock market as a necessarily zero-sum game of winners (due to skill or luck) and losers (due to bad decisions) in each trade….
Search Results for: Luck
AQR's Asness on Fama, Momentum Investing and More
…each could vary through time.” It may simply be “data mining,” or “just luck.” Second, Asness notes that “momentum’s success could be rational compensation for risk.” Third, he suggests it…
Hulbert: Stay in Equities Through a Bear Market
…one of Hulbert’s three tests for the 2007-09 bear market, less than half also did so in the 2000-02 bear market, suggesting successes may have been more luck than skill…
Poker Champ Highlights Common Investment Mistakes
…perspective on investors and advisors role in success and failure: “If you credit all wins to your skill and all losses to bad luck, you never learn and never improve.”…
Mauboussin: Understanding the Process Can Help Separate Luck and Skill in Investing
AAII editor Charles Rotblut, CFA, interviewed Michael Mauboussin, head of Global Financial Strategies at Credit Suisse, about the role of both luck and skill in investing (subscription required). According to…
Mauboussin On "Hitting .400" In Today's Investing World
In a great interview with Barry Ritholtz on Bloomberg View, Michael Maboussin of Credit Suisse and Columbia University offered some intriguing insights into the role of luck in investing, and…
Oberweis: Keep It Simple
…employees for success. [And] from the investor’s perspective a simple story helps investors understand the business, track its progress and distinguish between effective execution and luck (as well as to…
Ritholtz: Outcomes Sell, But Process Wins
…used to achieve it. It is not controllable. You can blow on the dice all you want, but whether they come up ‘seven’ is still a function of random luck….
What's Your Advantage?
If you don’t want to put all your faith in luck, you need to have an advantage to beat the market over the long haul. But The Motley Fool’s Morgan…
Is It Skill, or Luck?
Are successful investors good, or just lucky? In a recent interview with Morningstar, Credit Suisse’s Michael Mauboussin says they’re luckier than you think — but still have some skill. Mauboussin,…