RE: Splitting Chains
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My personal idea is that success in the economy is based on the linkage of several variables, namely: time, quantity, quality, security, reputation, and a very important one, personal knowledge. I am a sceptic that luck has anything to do with investments.
With a good database that is being updated every 10 minutes, in relation to our subject matter in which we specialise, say, for example, the behaviour of cryptocurrency; and with the interpretative knowledge of the information contained therein, we can be more assertive about the medium-term future.
In these times of globalisation, it is imperative to keep up to date with information, with world events. An oversight in any variable can lead to great losses.
Luck factors into all parts of it in my opinion. For instance, knowledge depends on learning processes, which are genetic and also developed or not in childhood. Intelligence plays a part in investing also, as does emotional strength. Some people are also more naturally inclined to be risk takers or conservative and the list goes on. While we can affect these things, most of it comes down to things we cannot choose directly, like where or to whom we are born, our genetic makeup, brain functions and access to support.
That said, we can affect our outcomes.