"ランダムネスに惑わされることは投資家によくあるミスです。"
— Warren Buffett
Simplified Meaning:
Investors often make decisions based on luck or chance, thinking their success is due to skill. Imagine someone flipping a coin: if they call heads and it comes up heads five times in a row, they might start to believe they are really good at guessing. However, it's just random chance, not skill. The same thing can happen with investing. A person may pick a few stocks that go up and think they are a brilliant investor. But these stock picks might have gone up just by chance, not because of any special talent. It's important to recognize the role of luck in success. Instead of assuming all good results come from skill, investors should look at the overall long-term performance and have a solid strategy. This helps avoid getting overconfident or making big, risky bets based on a few lucky wins. By doing this, people can make smarter and safer investment decisions.
