Just For Thinking ...
Read? When picking stocks, keep it simple?
Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing." - (Forgotten the Author)
Read? Does 3 strikes make a good bowler?
The greatest investment reward comes to those who by good luck or good sense find the occasional company that over the years can grow in sales and profits far more than industry as a whole.
- Phillip A Fisher
The ways retail investors can get lucky; but the luck may not last long enough to keep happening across market cycles unless one gets lucky and quit the market to maintain one's track record.
Reasoned luck coming from many hours of hard works of acquiring knowledge and upgrading skills.
Seasoned Luck coming from years of understanding the market, patience, intuition and gut.
Can we keep counting on blind or plain luck in the market???