Investing and the luck factor

Like it or not, the luck factor plays an enormous role in our investing success or failure. Sometimes, you get lucky and your share rockets. Other times, you are unlucky and it crashes. Yet there is not a great deal you can do about it. After all, luck is luck.

Or is it? Not according to Dr Richard Wiseman. In his book The Luck Factor, he asks why it is that some people seem more lucky than others. They don't seem to work especially hard, have extraordinary talent or great intelligence. But, somehow they enjoy more than their fair share of lucky breaks.