He conceded that there will always be hedge funds whose returns FundCreator can't hope to match, but he argued that even some of the most prestigious funds owe much of their success to luck.
A rare morning of streaming sunshine and balmy warmth in Hobart feels the right time to be meeting a man who steadfastly attributes much of his success to luck – there are a million potential galleries out there, he says, but at some point one of them gets lucky.
Yet she remains modest and attributes most of her success to luck and a passion for her field.
Still, she remains very modest and attributes most of her success to luck and a passion for her field.
Donald Trump -- as anyone not blinded by celebrity and wealth can see -- is a mediocre man: homely, boorish, romantically inept (he's on his third purchased spouse!), inarticulate, not very bright, and an underperformer who owes his financial success to luck, both of birth and circumstance.
I think that any significant success has components of luck in it," he says.
There's another, more accurate explanation for the success of "Gangnam Style": luck.
market success is driven less by intrinsic talent than by "cumulative advantage," a rich-get-richer process in which early, possibly even random events are amplified by social feedback and produce large differences in future outcomes… someone who is incredibly successful may owe their success to a combination of luck and cumulative advantage rather than superior talent.
Robert H Frank, a professor of economics at Cornell University and author of Success and Luck: Good Fortune and the Myth of Meritocracy, added: "People here, if you ask them, will say they are 'middle class'.
Cheezburger's success is a combination of luck and smarts, John Tozzi of BusinessWeek.com explains.
