The Role Of Luck In Investment Success Is Overrated

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The Role Of Luck In Investment Success Is Overrated

Of Dollars and Data shared an interesting post titled, “Bad Investment Results?  Your Birth Year May Be to Blame:  How Luck Influences Investment Success and What To Do About It.”  As the title implies, the post largely explains how being born at different periods throughout history would likely have played a role in how one’s investments turned out, at least over subsequent decades.  This is an important consideration as the benefit of good fortune cannot be discounted.  In fact, more important than the year in which you were born is the country of your birth.  Given that the United States is an anomaly when it comes to stock market success, an American investor holds a sizable natural advantage to one born into less successful markets such as Austria or Italy.

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