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.