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I thought Bill Gates were lucky too when I were in my early 20s.
I don't know exactly, what the US stock options looked like 40 years ago. But I know, that in Sweden there were like 40 stocks you could pick from. So, yes. Somehow there were probably fewer options and were easier(not luck) for a skilled investor to pick the right ones.
But overall, when you are worth $70 billion, the luck factor is probably out the window then
Guys like Buffett creates his own luck by persistence.
Skill, talent, knowledge, mindset and hiring the right people adds to it too.
More so, than luck in the long run.
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