Skill vs Luck -- chess skill, markets luck

[Covertibility]

Interesting but lengthy read on the concept of skill vs luck.

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[nutmeg]

Nice to have skill and luck in one article.

I read a few pages, scrolled to look for the summary, which concludes with classic Graham, Buffet.

 

[Slope Trader]

Hi Covertibility,

This is one of the most interesting articles I've read this year.

It supports some of the arguments I saw in Taleb's book "Fooled by Randomness", which is also a bit discouraging. An awfully small number of fund managers appear to be really "skilled" at what they do.