When you win, it’s skill but what happens when you lose? You got unlucky.
It’s a daily battle amateur traders go through.
The hard truth is:
- Every investment you’ve ever made involves luck
- You’re lucky if you have one less chromosome
My main man Warren Buffett has a theory called the ‘Ovarian Lottery’ which gives a good framework for above:
“I’ve had it so good in this world, you know. The odds were fifty-to-one against me being born in the United States in 1930. I won the…