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Luck plays a part in investing.

Tuesday, September 10, 2013

I would readily admit anytime that luck plays a part in investing and I would also find a businessman who admits some of his success is due to luck to be more believable.

If someone claims that his success is due to his foresight and never luck, good for him but forgive me if I say I do not believe him. 

I am sure we have come across people like this in our lives. They are full of confidence and think that they can do no wrong.

Some might find such confidence attractive and gravitate towards such personalities. It is quite natural. 

Mind you, I am not saying that it is wrong to do so. There must be some reasons other than luck which have contributed to the success these personalities enjoy. 

So, there must be lessons we could learn from them.

The important thing is not to surrender our cognitive abilities and be swept away by emotions. 

They are as human as all of us although some might want us to think otherwise.

The Chinese have a saying:

谋事在人成事在天

People could make plans and put them in motion but whether the plans succeed or not depends on the heavens.

Related posts:
1. Motivations and methods in investing.
2. When to be fully invested in the stock market?
3. A note from AK71: Don't worry, don't regret.
4. Have conviction and make money.
5. Be comfortable with being invested.

20 comments:

temperament said...

Hi AK71,
谋事在人成事在天
i think it's the same as (for believers) the saying:-
"Man proposes, God disposes"
If one really believes the saying, then one knows you can control what you do but you can never control the final outcome.
There are simply too many things you can't forsee.

AK71 said...

Hi temperament,

Most certainly so and thanks to Mike's enlightening comments in my previous blog, I was inspired to pen this blog which addresses many issues I was struggling with lately. :)

Stoical Keynes said...

Hi AK71,

Are you refering to CMZ?

But really hats off to you for having the courage and belief to buy more at $0.50++.

Indeed, Lady Luck does favour the brave.

AK71 said...

Hi Stoical Keynes,

This blog post looks simple but it can be interpreted on a few levels and from various angles. It shows that I have resolved various issues I was faced with lately.

The episode with China Minzhong was a reason for the struggle I was faced with and it also provided material for the foundation of this blog post. :)

shaowei said...
This comment has been removed by the author.
AK71 said...

Hi shaowei,

Lady Gaga = Lady Luck? Sorry but I am a bit lost here. Or is your first line a verse from one of her songs? I anyhow hamtum. ;p

sillyinvestor said...

Hey AK,

What a conincidence, I was blogging about luck or should I say lament about the lack of, in my last 2 posts.

We talk about market cycles, u can get the cycle right but still lose money in the short term. To catch everything, 天时right timing, 地利right company, 人和right research by the right person, really need some luck.

Drop by and visit when u are free, will ya. :)

SG Young Investment said...

Hi Ak,

CMZ must have gave you a really wild ride. Luck definitely plays a part in investing. We do our best and hope for the future. No one can predict perfectly what will happen next.

AK71 said...

Hi Mike,

Hey, give me the URL of your blog. We should do a link exchange. :)

AK71 said...

Hi SG Young Investment,

Well, most of the time, it was just hanging in the air. Not much of a ride, actually. Hanging in suspense was more like it. ;p

sillyinvestor said...

It's sillyinvestor.wordpress.com. Actually, u just click on my name and u will be there. It's not the last 2, it's the one in reflection.

Anyway, glad u are back in action!!

AK71 said...

Hi Mike,

Nice blog! I like. ;)

Just celebrated first birthday not too long ago too. Happy Birthday! :D

shun said...

Hi, AK71,
Pls continue blogging, enjoyed reading ur blogs.

AK71 said...

Hi shun,

Thanks for the encouragement. I guess I will hang around for a bit more since readers have not grown bored with me yet. :)

coven said...

Lucky again with your soundglobal :)

AK71 said...

Hi coven,

Sound Global is a logical beneficiary of the PRC government's increased spending on infrastructural improvements in the country. :)

I have closed my long position in Sound Global with a nice gain. I have removed it from my watch list together with China Minzhong.

I need a break from S-chips. ;p

sillyinvestor said...

Hi AK,

I drop you another email.Let me know if u didn't received

regards

AK71 said...

Hi Mike,

I saw it and just replied. Thanks! :D

d34af78e-43ac-11e2-aa43-000bcdcb5194 said...

Hi AK,

Your Chinese saying reminds me of zhu gel iang's last fight with so ma yi (romance of 3 kingdoms). Zhu ge kiang set the perfect trap using grain, si ma yi walked right into it and was about to perish, when an unexpected bout of rain foiled zhu ge liang's fire trap and saved his adversary.

In any endeavor in life, I remind myself that nowadays, and try not to be too disheartened when things don't go as well as planned.

Tree

AK71 said...

Hi Tree,

Thanks for sharing that analogy. I like Romance of the 3 Kingdoms! :)

Well, if life gives us lemons, make lemonade! ;p

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