Altucher: Sudden Wealth Blinds People to the Role of Luck and Timing
James Altucher · If I was broke in 2024, here’s exactly what I’d do… (feat. James Altucher) · May 14, 2024 · at 8:36
Investor and author James Altucher explains the cognitive bias entrepreneurs face after achieving sudden financial windfalls.
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“The problem with making money is you think all of a sudden you're smart. Like, oh, I made money in this one area. I, you discount the fact that part of it is luck. There's always a luck factor. You discount the part that there's a lot of people involved in, in making any one person a success and you discount the timing and so on.”
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