Tim May wrote:

It's hilarious to see him claim that I got where I am because of "luck"
and "being in the right place at the right time."

Utter nonsense. I was an engineer like millions of others. Most of my
later wealth came from saving and investing a large fraction of my pay,
[...]
No, my wealth came from putting 20% of my pay into various stocks I
picked with great care--I bought Apple stock the day after the Mac was
introduced, and it made me a tidy sum. I bought Sun Microsystems,
Oracle, Qualcomm, and even Intel, out of my own pocket.

Yadda, yadda, yadda...

So the question is, "was it luck"?

Tim May claims it was not luck. That is, there was no luck involved,
but all skill.

But of course, ALL business has a certain aspect of luck. Unless Tim
had some insider information, that completely removed "luck" from the
equation.

Would Tim May be where he is, had Apple gone belly up? Likewise with
the rest of the list? No.

Tim was in the right place, at the right time, and with some careful
thought (to minimize, but never eliminate luck), he was successful in
his stocks. That's still what we call luck, Tim.

If it wasn't luck, then Tim could do the same, in any time period,
with any available stocks, and any (however limited) amount of
capital. I have my doubts on that...


Retief
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