Agreed. I think your view of investing hignes on interpreting this quote:
> Think Mike Moritz, John Doerr, Jim Breyer, Fred WIlson, Peter Fenton, Danny Rimer, Reid Hoffman and the like are just exceptionally good at throwing darts in the dark? I don’t.
He says this meaning investing is a skill. I see no proof that it is. If enough people are investing, and success is random, there will be SOME people that, by chance, have long successful streaks. Past performance is not indicative of future performance, and all that!
> Think Mike Moritz, John Doerr, Jim Breyer, Fred WIlson, Peter Fenton, Danny Rimer, Reid Hoffman and the like are just exceptionally good at throwing darts in the dark? I don’t.
He says this meaning investing is a skill. I see no proof that it is. If enough people are investing, and success is random, there will be SOME people that, by chance, have long successful streaks. Past performance is not indicative of future performance, and all that!