…didn’t produce anything that the masses couldn’t have attained on their own,” adding, “This illustrates that, even for lengthy periods, luck can overwhelm skill.” But that doesn’t take away from…
Search Results for: Luck
Buffett's Formula Still Works
…dividends, for many decades and by many, many percentage points.” A track record that statistical experts say is attributed to skill rather than luck. According to the article, the recent…
On Telling Luck from Judgement
…a competition in which all the leaders are highly skilled, randomness may explain the difference between triumph and failure. Good luck plus skill beats bad luck plus skill any time.”…
Some Lessons For My Former Investing Self
…of running them is impressive. But you need to understand that luck plays a big role in both your positive and negative outcomes in investing. In addition to the great…
What Quant Value Models Can and Can't Do for You
…capitalization, but it’s not a sure thing. Timing and luck play a huge role in whether or not an investor has the potential to achieve those returns. Griffin brings up…
Five More Questions: Factor Investing with Jim O’Shaughnessy
…the absolutely good luck of offering one of those systems right before a serious downturn. And yet, by the way, the recent, history is a great example. So going into…
Don't Confuse Luck and Smart Investing
…Was the trade the result of luck or skill? What is the long-term record of the investment approach? Does the trade represent a repeatable strategy? Ritholtz explains that focusing on…
Five Questions: An Inside Look at ETFs with Chris Hempstead
…on behind the scenes to make ETFs liquid and tax efficient can be challenging to understand. For this week’s interview, we are lucky to have someone who has been on…
New ETFs Face Nasty, Brutish and Short Lives
…sector in the financial services industry, but he adds, “My pet theory is that for a new ETF to succeed, it needs more than luck, deep-pocketed backers and a rational,…
Higher Returns on Fewer Stocks: Vanguard Debunks "Best Ideas" Portfolio Philosophy
…performance of active managers is driven by skill or luck is a question beyond our research scope.” It argues, however, that probability theory—which says “if you have a small edge,…