Gold Continues Its Bull Run, but Silver May Outperform in This Macro Environment
For those dedicated to watching the market daily, it comes as no surprise that gold has been outperforming over the last two weeks, advancing over 7% in the last 8 trading sessions and currently trading at all-time highs above the $2,300 level.
The Greater Your Skill, The More Luck Matters
In any activity that involves both skill and luck, such as investing, as skill increases the vagaries of luck play an increasing role in the outcome. Financial author Michael Mauboussin describes this challenge as the Paradox of Skill.