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  1. #1
    Quote Originally Posted by OngBonga View Post
    If he bought into one company at the right time, and had no actual influence in the decisions that led to its success (or indeed potential failure), then yeah we can say he was lucky.
    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.
  2. #2
    Quote Originally Posted by BananaStand View Post
    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.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  3. #3
    More importantly, if you have one decision in a business, ie to invest or not to invest, it's easy to "run good".

    If you have multiple, then it's not so easy.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong

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