Is it Better to be Lucky than Smart?

It certainly is cheaper and easier. But is it BETTER?


The main difference between lucky and smart is that smart is more likely to be able to repeat than luck.

But I think that there are two different types of smart, and one is much better than the other.

  • The first type of smart is able to discern patterns and trends. This type of smart can do momentum trading. They figure out what works in this phase of the cycle of the part of the world that they are in and
    they discern how to take advantage of one aspect of the trend.
  • The second type of smart is able to discern not just the trend, but they can see that the trend will not last. So they can plan for the change in trend. This type of smart is adaptable.
  • The lucky see nor care about trends or changes in trends. What they choose works. Some of the lucky are able to convince themselves and those around them that their “gut” can really pick out the right
    answers. Those are the dangerous lucky.
Continued...

Views: 72

Comment

You need to be a member of GlobalRisk community to add comments!

Join GlobalRisk community

Our Sponsors

Would you like to reach over 90,000 + Risk Professionals? 

REQUEST OUR MEDIA KIT

______________________

Current Partners Include:

  

 

 

 

Join GRC Inner Circle - Get Top Risk Resources, Member Support PLUS become our patron

Business Exchange

If your organization delivers products and services that bring value to our members, you are welcome to join our partnership program.

Companies are welcome to setup a business profile page in our Multimedia Business Directory. You will get full control of the page and can include cutting edge possibilities – videos, adverts, presentations, white papers, job offers, Press Releases, product information, company blog, news feeds and more.

CLICK HERE TO APPLY

Our Knowledge Partners

Request our MEDIA KIT

Our Twitter feed

© 2020   Created by Boris Agranovich.   Powered by

Badges  |  Report an Issue  |  Terms of Service