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 Originally Posted by BananaStand
Everything else in your post was good, except this. Even this, is not luck. He still had to select a company to invest in, and a time to invest.
And if that company was successful, it's because it had the capital to do so. So his investment does have influence over success/failure.
For sure, but maybe he picked the compnay for no good reason other than he liked the name, like picking a horse. Making a single decison that can make or lose you a fortune is not "skill", not unless you accurately estimate your returns and risks and compare them to other options, at least.
Investment is indeed an important factor, but it isn't necessarily an intelligent decision to invest.
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