UNTANGLING SKILL AND LUCK
21 July 2010 by Cullen Roche
2 Comments
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Comments
I find Maubossin’s aping of Malcolm Gladwell’s style to be insufferable, but I’ll give you the benefit of the doubt, TPC, and take a look.
(For all know it’s Gladwell aping Maubossin, which would make for a much better story.)
I think I’ll need the Cliff’s Notes version, but I think this guy should do an essay on his fellow Legg Masonite, Bill Miller. Miller was thought to be another Warren Buffet, but was really was nothing more than the personification of the “buy the dip” mentality of the past 25 years. It worked great for all of those years, until one day, it didn’t – he then proceeded to lose everything in the space of a few months, buying all the way down of course. Now, Miller is feeling his oats again. Luck or skill?