Last updated: 14:31 / Sunday, 5 January 2014
According to Credit Suisse

Skill Versus Luck in Investing

What roles do skill and luck play in our successes and failures? How much does pure luck contribute to investment success? Luck plays a much greater role in short-term investment results than many investors may think. Michael Mauboussin, Head of Global Financial Strategies at Credit Suisse, explains how investors can learn to avoid mistakes, and the 'dumb money effect'. 

Click on the image below to watch the video interview.