After goodness knows how many weeks of in essence just parking my butt on the sofa, I am at last hitting the keyboard once again and starting on a blog. It is quite weird and I feel like I can hardly type (usually I can sort of touch-type a little but not with much speed and constantly having to tap the ‘Backspace’ key because of the errors that emerge on my screen) but my plan is to just ease myself back into it and to type what I can tonight (it is late in the evening on Tuesday 29th December) and then pick up the remains over the next couple of nights before it goes live. Unless I get it all done tonight of course !!
I don’t intend this to be a long blog but I am just heading forth with it and have no particular plan but I just want to get back in the habit. Incredibly this is most likely the longest spell I have had of not typing anything after writing WheelieBlogs for over 6 years; and it has been sort of nice not doing anything but it is a false world and there are loads of blogs in my head that need getting down on electronic paper and out into the big wide world.
I think it could be very likely that we underestimate the role of Luck or even just simple Market Beta, whereby Markets over the long term tend to go up; so as long as we hold a large enough basket of half-decent Quality Stocks, then it is almost impossible not to make money if we are swimming with the powerful flow of the river.
I’ve been fixated by this subject for some time now and we even discussed it in the Podcast TPI 36 which you can hear here:
It’s been obvious to me for a long time that Luck, both Good and Bad, has quite an impact on the performance of my Portfolio and I suspect many Investors (and Traders) might not fully appreciate, or even bother considering, what kind of influence Luck has.
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