Yesterday, the South Carolina Supreme Court heard oral argument on an issue that my empty wallet and I already know the answer to: Is poker a game of
luck or skill?
Over the past few months, courts have been addressing the question of whether games like poker or Texas Hold»Em depend on
luck or skill.
«Life Imitates Art in «Shards O» Glass» Recall Main South Carolina Case Will Turn on Whether Poker Is a Game of
Luck or Skill»
Some of these take a lot of
luck or skill to complete, meaning you're highly unlikely to succeed on your first or second or fifth try.
Every year, whether through
luck or skill, there are plenty of stock funds that outperform the market averages.
There is money to be made in shorting stocks by either
luck or skill.
The trouble with professional managers is that it is hard to tell from returns whether it is
luck or skill at play.
Scientific research has shown that in the case of the very few investment managers who have generated superior long - term results, it is impossible to determine whether their performance was based on
luck or skill.
Our firm strives to understand whether past success was the result of
luck or skill and determine which managers are likely to earn their fees going forward.
The debate over whether winning depends on
luck or skill is now spreading to other games.
Luck or skill — he gets breaks other forwards don't.»
So, instead of
luck or skill, investors should focus on process - developing goals and then creating a clearly defined strategy to go about achieving them without straying.
If someone tells me they've had good results, say over five or ten years, if I can't see their actual investment results, I still won't be able to judge if it's down to
luck or skill — this is one of the core problems judging value investing — is it
luck or skill?.
«History is strewn with examples where star fund managers have fallen to earth when
their luck or skill deserted them, but the Morningstar ranking adjusted only slowly downwards, with Legg Mason's Bill Miller perhaps being the most prominent example.»
Not exact matches
The folks who succeed have no way to know if their success was due to talent,
skill, and planning,
or merely dumb
luck.
Gill is one of just a handful of people who bet on politics full time, but he's part of a growing community of thousands who test their
luck —
or, as many maintain,
skill — at guessing the outcomes of the ever - unpredictable administration of President Donald Trump.
If you have not yet achieved the success you dream of, it's easy to fall into the trap of believing you lack a certain something — character,
skill,
or maybe simple
luck — to get ahead.
Is entrepreneurial success a
skill,
or is it
luck?
Since it requires no
luck,
skill or guesswork, you can be confident that you and your family can reach your personal and business financial goals without taking unnecessary risks.
The possibilities are nearly endless, enabling you to specialize in your niche
skill set
or interest (though you may have more
luck as a general English tutor and not, say, as a specialist in 19th - century Gothic Literature).
@Jon Radoff — The tendency of players to ascribe
luck vs.
skill to their successes
or failures is an interesting one.
There will always ultimately be a question mark over whether a fund manager's performance is down to
skill or luck.
To win the CL, you need a decent team,
luck, and tactical
skills,
or a Thierry Henry who can do miracles out of nothing.
Teams
or players can get lucky for a season in terms of scoring goals
or winning championships but, for a player to have great
skills and abilities to dribble and be create is not
luck.
His accounts of the World Series resemble intricately plotted morality plays in which the good guys always win — whether by
skill, determination
or luck — because it would be unthinkable that the good guys might lose in this best of all possible games.
The 4 - par hole made in birdie - 3 strokes rivals
or surpasses the hole in one for amazing
skill and
luck.
Being able to stay on the field is looked at not as a factor of
luck or health, but as one of the most valuable
skills a player can have.
Is it
skill or is it
luck?
King argued that although creating shooting opportunities involved a lot of
skill, there was more
luck influencing whether a shot went in
or not.
With techniques such as recombinant DNA, finding the right genome sequence in one organism to trigger expression of particular proteins
or traits in another requires as much
luck as
skill.
What needs to be said here is the fact that Pairs is only in Japanese language, so once you feel your Japanese
skills are enough to communicate
or you are a foreigner living your life in Japan, you can try your
luck here.
Game: a form of play
or sport, especially a competitive one played according to rules and decided by
skill, strength,
or luck.
Every writer faces a moment in her career when she realizes that a good part of success has nothing to do with
skill or planning, and everything to do with pure, dumb
luck.
It's hard to determine if that performance was a matter of
skill...
or pure, dumb
luck.
For some people it might work, but I still believe whenever one pursues an active strategy, whether it is for 100 % of their money
or for a 10 %, 20 %
or 30 % satellite portion of their portfolio, the most likely reason for any outperformance is likely to be
luck rather than
skill.
Too many confuse randomness,
luck,
or a bull market with
skill.
Attempting to time the market thus requires extraordinary
luck or inconceivable
skills; most often, the former would be the dominant force.
However, to capitalize on those returns, you would need to own the stock beforehand either through
luck,
or a unique and rare earnings forecasting
skill.
And that may be because your manager has great
skill and discipline, and is able to continue to beat the market...
or it may be because of dumb
luck.
Results that might look like they came from
skill or wisdom may in fact be in large part due to good
luck.
In most funds, it is difficult to find out what is at work —
skill /
luck or a combination of both.
-LSB-...] Magic Formula follows the same broad principles as the simple Graham model that I discussed a few weeks back in Examining Benjamin Graham's Record:
Skill Or Luck?.
-LSB-...] Benjamin Graham's simple quantitative strategies over the 37 years he since he described it (Examining Benjamin Graham's Record:
Skill Or Luck?).
Last week I wrote about the performance of one of Benjamin Graham's simple quantitative strategies over the 37 years he since he described it (Examining Benjamin Graham's Record:
Skill Or Luck?).
The Magic Formula follows the same broad principles as the simple Graham model that I discussed a few weeks back in Examining Benjamin Graham's Record:
Skill Or Luck?.
For more see my overview piece, Examining Benjamin Graham's Record:
Skill Or Luck?
6
or 7 years is still a short time frame and the investment manager might show
skill in stock selection but still underperform due to
luck but it is a starting point for your investigation.
E.g. in Mutual Funds it is used to know if the alpha generated is due to
skill or luck.
Malkiel ends the book with a discussion about how a great portion of one's returns from the stock market are due to
luck, and that individuals wrongly attribute their returns,
or lack thereof, to
skill or a lack of
skill.