Luck and Skill: Can You Tell the Difference?

We should never underestimate the role that luck plays in investing, says Credit Suisse managing director Michael Mauboussin

Jason Stipp 13 June, 2013 | 1:46PM

Missed the Morningstar UK Investment Conference in London? Catch up on all the articles and video interviews here.

Whether in sports or investing, the role of luck in winning streaks is both underappreciated and increasing, said Credit Suisse managing director and author Michael Mauboussin during the kick-off keynote at the 2013 Morningstar Investment Conference in Chicago.

Discussing concepts from his latest book, “The Success Equation: Untangling Skill and Luck in Busi

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Jason Stipp  is Editor of, the sister site of

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