If you’re so smart, why aren’t you rich? Turns out it’s just chance

Submitting follow-ups is not a good HN practice. It's better to link to the new article from the original thread (in this case, https://news.ycombinator.com/item?id=23395689). See https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que... for past explanations.

In addition, though, this article is a straight-ahead dupe of https://news.ycombinator.com/item?id=21312966 from 8 months ago. That's something you could have found by using HN Search: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que.... (This is how I found it.)

It's luck and two other things.

> explore different kinds of funding models to see which produce the best returns

1. Having funds (e.g. family wealth) makes it possible to capitalize on any chance opportunities

2. At the extremes, taking risks will play a factor: fortune favours the bold. You may win or lose bigger--you'll less likely land in the middle.