John Husselbee: Differentiating between luck and skill

'Some people build walls'

clock • 4 min read

When the winds of change blow, some people build windmills and some build walls, writes John Husselbee, as he discusses the difference between luck and skill in fund management

To channel Dirty Harry, how many of us consider ourselves lucky? For something that, by definition, has no basis in fact, luck plays a huge role in many cultures around the world. In China, for example, people believe certain numbers, colours, animals, days, and actions are more favourable than others. Red is the national colour, representing happiness, wealth, prosperity, and good luck, while dragons and tortoises are considered auspicious beasts. Like so many things, the concept of luck gets trickier where money is involved and this is certainly the case when it comes to the debate ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read
FCA urges private market firms to review conflict management amid rapid growth

FCA urges private market firms to review conflict management amid rapid growth

Recurring weaknesses found

Michael Nelson
clock 26 October 2026 • 2 min read