Retief wrote:

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...

Luck is simply a statement about the things which happens in all peoples
lives because of unpredictable and random events. It can be good or
bad. Those things which happen to a person as a result of their
personal skill and efforts are not luck. All person's lives are a mix
of the two. Statistically those people who use their intellegence and
skill will lead better lives than those who don't but it's not a guarantee.
--
Lou Boyd