In the last of three articles on risk, Didier Saint Georges argues the fact luck is so underrated in investment performance gives rise to three key recommendations for anybody seeking to manage risk
Luck often gets a bad rap - and it is true it is not something you can count on. But even the most successful people owe their good fortune at least in part to luck. Sergei Brin's and Larry Page's extraordinary success at the head of Google, for example, is rightfully seen as the result of their visionary genius. But just a year after founding their company, they tried to sell it for $1m - and failed because they could not find a buyer. Didier Saint Georges: The art of risk management Luck is probably the most underrated factor in investment performance - except among those who lik...
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