John Looby: Leicester, investing and The Paradox of Skill

Unlikely Premier League victors offer a salutary lesson in trying to beat the stock market

20th May, 2016
Rub of the green? Pic: Getty

While the explanations are varying widely - many peppered by stirring anecdotes - the most plausible is provided by the financial strategist and author Michael Mauboussin in his book ‘The Success Equation’. In particular, his provocative musing on ‘The Paradox of Skill’ shines crucial light on the extraordinary outcome to the Premier League. As an important bonus, it also provides timeless and significant insights for those of us trying to beat the stock-market....

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