In Genesis 15, right after God sealed his covenant with Abraham, God told him his descendants will spend 400 years in Egypt
God also promised that he would bring the descendants of Abraham out of Egypt with a mighty hand
Abraham didn't argue with God, he accepted God's verdict as

law
But he was smart
He told Isaac to keep far away from Egypt
As a young man, Abraham and Sarah had gone to Egypt in Genesis 12:8-13:2 to avoid the devastating effect of a famine
When they were about to get to Egypt, Abraham pleaded with Sarah to introduce herself as his sister
and not as his wife because of her beauty
(This was a half-truth but the intention was self-preservation and not faith)
When Pharaoh was told of Sarah's beauty, he immediately sent his servants to go and bring Sarah to his palace

(Collecting beauty is an obligation of royalty)
Abraham had no say in the matter
Pharaoh paid him Sarah's dowry and he collected it
Pharaoh became the legal husband of Sarah
Abraham prayed that God would somehow step into the matter
God did.
Pharaoh and his household were afflicted by a strange disease
Pharaoh called for his
diviners
His diviners told him Sarah had to go
Pharaoh sent for Abraham
Why did you lie?
Abraham claimed he was afraid for his life
Pharaoh wanted to be rid of the affliction
Pharaoh paid Abraham and Sarah appeasement/compensation offering
Abraham practically came out of Egypt

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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
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