How Much Luck in Investing Success? My Experience in 2008/09
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz8TjdlEHHSKFWD0wpWNQjFbI1MsV4eyh3BNyuRKQ9L6tj0ssZQ5KfJpWwqI3mX_Kr9Wg3hlX2a2T7iMr093Ld8TLi1LfJZrTzkR1lS9di68Lwxgfn7s9w34nxNi91Rbea4Gsa4LzadyA/s320/luck+vs+skill.jpg)
image credit to mymoneyblog.com We all know well that the market is efficient (most of the time) and much active management fund outperform because of “luck “ and not skill. You may find out more about this topic in my previous blog on Success in Investing: Skill or Luck? ( here ). As most of the investment professional think, it is hard to admit that luck plays as significant a role as skill in their investment success. That's not to say skill is unimportant but betting on continued success doesn't work well in investing as in other fields.