[malteof]

> Warren Buffet is wealthy for a reason.

Is it because of luck? Not trying to be silly, but how would you truly know it isn't just luck? E.g. read Fooled by Randomness for more background.

[javert]

Buffet has a methodology that makes sense. That is a better explanation of his success than positing that it was random luck.

In general, though, if you look at mutual funds and hedge funds, I suspect that a lot of the winners and losers can best be explained by random luck. So in that sense, I agree with you.

I haven't read Fooled by Randomness yet but it's on my bookshelf ;)