"I've got a feeling ..."
How to spot a stock market gambler. They're often driven by "Hunches" or "Feelings" that can be manifestations of gambling compulsions that can be devastating. Psychologists have studied hunches and found them to be useless for predicting outcomes.
I love when they quote lottery winners on TV who say something like: "I bought a ticket because I felt lucky that day." But many lottery winners had been lifelong losers til that point. Notice they never interview the losers, in their rusty pickups, who also felt lucky that day.
I've read just about everything Buffett has said, and you never hear superstitious rubbish like that from Mister $100 Billion! Why ever he bought GEICO ages ago, it wasn't because he felt lucky. You'll almost never see any of the world's richest people talking about hunches or feelings.
Buffett does talk about luck in one way which is when he says he won the Ovarian Lottery. He was born to really smart parents and in the best time and place, the USA in the late 1930s. Being healthy plays a huge role too.
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Because the Good Life is Just a Pump or Two Away
