"Is it true that big money is just luck? My answer is somewhere in the middle. It's really hard to make it in business without luck, but if you bet only on luck, you've already lost. Look at crypto investors or day traders with their stories of sudden wealth. A guy invested his last money in a coin, it skyrocketed, and he made two hundred thousand in a week."
"What happens next? He continues to play, confident in his genius, and in a month, he has nothing left because he has no knowledge base to fall back on. I love the old saying: "You can drink away your intelligence, but you can never drink away your experience." At the beginning of your journey, you have to work with your hands and learn the hard way at every step."
Big financial success depends partly on luck but relying solely on luck leads to failure. Short-term windfalls, such as investing last funds in a crypto coin that skyrockets, can create false confidence without underlying knowledge. Experience endures after mistakes and provides a foundation when luck reverses. Building experience requires hands-on work and learning hard lessons early in the journey. Early business success included exclusive Polaroid safety-glasses distribution in Ukraine and consecutive "Best Distributor in the World" awards, producing millionaire status by thirty. Premature overconfidence and loss of focus on core business led to risky expansion beyond proven capabilities.
Read at Entrepreneur
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