Chimak, Its very short time to measure the luck factor unless you have assigned some time frame to the dart board portfolio. Luck is very important to get lucky most of the times if not every time.

Getting successful once is luck doing it regularly is skill. If you believe this you would rather be smart then lucky. A smart man (good judgment and skill) will always be called lucky because he is being successful A lucky man never hits the jackpot five times a in a row but a smart man can pick out five consecutive multibaggers !

To me luck is a hindsight name for success.

That is why I belive that all market timers and traders are lucky but if they have done it over a period of time then they are skillful rather then lucky question is who determines the period of time?

Originally posted by chimak10 I think people ignore one of the most required thing in life LUCK. be it of being in the right place at the right time or whatever.

I completely agree with what basant bhai and manish bhai have said.

Yes smartness is very important. Skill is also important. And having the strong understanding of what you are doing is also important. Hard work is very important.

I am not trying to say basant bhai is just lucky otherwise i wouldn't be in this forum reading his posts. or ask him questions about equities and companies and wait for his opinion.

Obviously he is smarter and more intelligent then sundry mungeri's like me. My queri is more like why i lost out??????? i have been loser in many of life situation without any of my normal stupidity and without my fault.

Still i won't discount LUCK or destiny or whatever you name it, Be it born smart or intelligent as buffet calls wired certain way being logical and rational ........being healthy.......or winning   ovarian lottery by having rich or smart parents etc etc........having environment or situation that somehow helps you.

Or one of the most dangerest thing of having the balls of steel.

The dart board point still remains as enigma cause everyone picked stock at random and we had strong tailwind in last 2 months still i lost out. and basant bhai made the biggest money.

Edited by chimak10 - 16/Aug/2010 at 3:56pm

i wouid like to be lucky in matters of finance, fitness and females in all other matters of life i want to be smart.