Before we diver in let's meet the author. Morgan Housel is pictured above. Morgan Housel is a partner at Collaborative Fund and author of the book The Psychology of Money. He used to write for the motley fool. I would guess that I have read his writing is the past because I had a boss that would regularly send me articles from the motley fool.
Interested in learning more check him out on his site here. https://www.morganhousel.com/
Chapter 2 Summary- Luck & Risk
My favorite part of the chapter is where he explains that if you ask how billionaire investors became rich most people say luck. When you ask billionaire how they became rich then never mention luck.
Luck and risk both play a role in all of our money decisions. It's hard to say what made someone fail and what made the next succeed. For this reason the main point of the chapter was to make sure that we focus on correct trends, patterns, and principles and not focus on studying few billionaire and hyper focusing on their success.
Nothing seems to be as good as it looks or as bad as it looks when looking at rick and luck.
So on that note.... GOOD LUCK and GO RISK IT ALL!!!!!