Yes, but the odds of having 20 million drop from the sky in front of you are zero. Even people winning the lottery have to buy a ticket first and even then, the chances are greater for being hit by a car the next day.
So there's a huge difference between that and investing your time and skill in something based on making educated guesses. Which is why I wouldn't call it luck.
Also, wealth is relative. Some people simply don't care that much about money if they earn enough to live comfortably, especially since pursuing money is in general painful for everybody.
So there's a huge difference between that and investing your time and skill in something based on making educated guesses. Which is why I wouldn't call it luck.
That's an absurd definition of luck. What you have to do is look at the distribution of outcomes in the population. If those outcomes are widely distributed, it depends on luck. The characteristics of the underlying population are irrelevant.
So there's a huge difference between that and investing your time and skill in something based on making educated guesses. Which is why I wouldn't call it luck.
Also, wealth is relative. Some people simply don't care that much about money if they earn enough to live comfortably, especially since pursuing money is in general painful for everybody.