Luck plays a significant role in financial success. While hard work and good decisions are crucial, there are often factors beyond an individual's control that can significantly impact their financial outcomes. For instance, being in the right place at the right time, such as Bill Gates attending a high school with a computer in the '60s, can provide opportunities that lead to significant financial success. However, it's important to note that luck is hard to measure and should not be the sole factor relied upon for financial decisions.
How should investors manage the inevitabilities of risk? What are the most powerful wealth-building...
View summary