Lessons from the book: "Psychology of money" Chapter 2 Luck and risk are siblings and they both guide every outcome in life other than individual effort. Bill Gates was lucky to attend one in a million high school that had a computer. Difficulty in identifying what is luck, what is skill, and what is risk is one of the biggest problems we face when trying to learn about the best way to manage money. Be careful who you praise and admire. Be careful who you look down upon and wish to avoid becoming. Nothing is as good or as bad as it seems.
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Such a good lesson for everyone.