Ben Carlson has a post up about the role of luck in investing. He opens his tale like this:
In The Success Equation, Michael Mauboussin tells the story of a man in the 1970s who set out to find a lottery ticket ending with the number 48. He bought the ticket he was looking for and ended up winning the lottery using his lucky numbers. When the man was asked why he wanted that specific number on his ticket he replied, “I dreamed of the number 7 for seven straight nights. And 7 times 7 is 48.”
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