Luck and risk in investment can be measured through various methods. One way is by analyzing the historical performance of an investment. This can provide insights into how the investment has performed under different market conditions, which can give an indication of its risk level. Additionally, statistical measures such as standard deviation and beta can be used to quantify risk. Luck, on the other hand, is more difficult to measure as it is largely subjective and unpredictable. However, some investors may consider factors such as timing of investment and external market conditions as elements of luck.
How should investors manage the inevitabilities of risk? What are the most powerful wealth-building...
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