一笔被机构拒绝的投资，狂赚超200倍！如何打开投资的“幸运”之门？

Core Insights - The article discusses the balance between luck and skill in investing, emphasizing that while luck plays a role, it is ultimately grounded in the investor's capabilities and preparation [1][5]. Group 1: Investment Philosophy - Benjamin Graham, known for his cautious investment approach, achieved a remarkable return of over 200 times on a single investment, which surpassed all profits made over 20 years through traditional methods [2][5]. - The two partners mentioned in the article developed a unique investment strategy that combined profitability with stable value, achieving an average annual return of 20% on millions of dollars managed, despite market fluctuations [2][3]. Group 2: Decision-Making and Opportunity - The significant success of the investment led to a stock price increase of over 200 times, which was disproportionate to the actual profit growth, yet the partners held onto their shares due to the company's essential business nature [3][5]. - Graham highlights that a single wise investment decision can yield results that exceed a lifetime of efforts in the investment field, indicating the existence of various profitable strategies on Wall Street [5]. Group 3: The Role of Skill in Luck - While luck can occasionally lead to success, it is often accompanied by a lack of skill, and poor decisions will eventually result in losses [6]. - Defensive investing is recommended as a more prudent approach, as it focuses on maximizing returns in adverse conditions, acknowledging the inherent uncertainties in investment outcomes [6].