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Strategy off to a Bad Start? Lady Luck Could Be Looking the Other Way... - Views on News from Equitymaster
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The Equitymaster Research Digest

Strategy off to a Bad Start? Lady Luck Could Be Looking the Other Way...
Mar 3, 2017

  • Skill or Lady Luck?
  • Profit Velocity vs Mr Market
  • 15 years of great returns from safe stocks

We've talked so much about the stellar performance of Microcap Millionaires that we may have begun to sound like a broken record.

Of course, we want to promote the service and support our business...

But we're also convinced that Microcap Millionaires is among the simplest yet most powerful systems to earn some really good money over the long term.

Naturally, we want as many people as possible to benefit from it. And in all honesty, I would allocate a good chunk of my own savings to this strategy if the regulators would allow it!

That said, luck has played an important role the service's performance. We couldn't have foreseen the huge bull market that started just weeks after we launch. Without the lucky launch, the service might have taken a bit longer to show the same kind of outperformance.

Identifying the Fine Line

Which brings me to my point today: The inability to differentiate luck from skill could have a devastating effect on your long-term returns from stocks.

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