Investing for the next 10 years and beyond can sound like a daunting task. The longer your time horizon, the less you are likely to be able to predict accurately what the future may hold. You must think probabilistically to make sure the odds are in your favor.
Tasks with a significant degree of luck require a different discipline altogether. They are won over multiple iterations by obedience to a set of rules. In a strange way, what matters in games with a strong element of chance is not the outcome of any particular event, but the quality of your decisions. You win at chess through repetition. You win at poker and investing through mental toughness (Daniel Crosby, The Behavioral Investor).
