đGUJARAT STATE FERTILIZERS & CHEMICALS LTD (#GSFC)
đ·Engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubber and man-made fibres
đ·Multiyear chart breakout (Monthly timeframe)
âFundamentals are not great
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Iâm torn on how to approach the idea of luck. Iâm 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.
Iâve 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 personâs part, whereas âsmartâ luck involved awareness followed by action before the circumstances changed.
So, was I âluckyâ to be born when I wasânothing I had any control overâand that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write âWhat Works on Wall Street?â 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.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
Iâve 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 personâs part, whereas âsmartâ luck involved awareness followed by action before the circumstances changed.
So, was I âluckyâ to be born when I wasânothing I had any control overâand that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write âWhat Works on Wall Street?â 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.