When ever I see stories or articles detailing what people have done to make their fortune, I try to think of it as: what have these people done, and then in-spite of these decisions still made their fortune.
Luck, chance and timing make a huge part of any endeavour. But if you don't put yourself there you will never succeed.
The risk is that either those who do well, or those that want to emulate them, suffer from selection bias - and end up thinking that they succeed because they followed a 'formula' that they controlled. Whereas really they put themselves in the path of luck.
Luck, chance and timing make a huge part of any endeavour. But if you don't put yourself there you will never succeed.
The risk is that either those who do well, or those that want to emulate them, suffer from selection bias - and end up thinking that they succeed because they followed a 'formula' that they controlled. Whereas really they put themselves in the path of luck.