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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 worksin this phase of the cycle of the part of the world that they are in andthey discern how to take advantage of one
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