Tip 2

How Risk and Randomness Shape Your Financial Destiny

Luck and risk are siblings. They are both the reality that every outcome in life is guided by forces other than individual effort.

Imagine flipping a coin. Heads, you win a Tesla. Tails, you get a flat tire. Life’s financial outcomes are just that random.

So next time your buddy brags about his stock picks, remember: he’s as much Warren Buffett as he is Forrest Gump.