Luck,Life and Stock Market


Well-Known Member
2: Mitchell’s Law

Mitchell’s Law was a term that Max Gunther coined himself – after fast rising lawyer Martha Mitchell declared “Life is slippery like a piece of soap. If you think you have a good handle on it, you are wrong.”

It may seem gloomy at first, but in reality all it means is that sometimes a business venture, a stock investment, or a relationship may not work out despite our best efforts. When that happens, it doesn’t mean we should pack up our bags and quit! Unlucky people will just give up, saying “Well, we tried. It just doesn’t work”. But lucky people know that fate can deal us a nasty hand every now and again and they also can see when bad luck was involved.

They know that they can try again if their failure was merely because of “bad luck”. They know they can’t control the “fate” part of it, but they can control how they respond. Does it pay to learn from each attempt? Absolutely! And each time you learn, you become stronger, wiser, and more likely to succeed.

If I were to add my own spin on this, it would be the quote from Heraclitus – “A man cannot stand in the same river twice – because it’s not the same river, and he’s not the same man”.

Can you see a way you might be able to “prepare for the worst” in your life? Do you have a contingency plan in case a venture goes wrong? Is there a Plan B? Are you prepared to cut your losses if the time arises?


Well-Known Member
Welcome to the last chapter in our search for Luck in Life and Stock Market. It’s been an amazing quest in uncovering the traits of the Lucky – so far we’ve looked at four different factors that, if worked on in our own lives, can help us become more Lucky ourselves.

In his brilliant book, “The Luck Factor”, Max Gunther tells us five different ways the Lucky consistently outperform the unlucky. And at the end of our journey we come to the most elusive and often mis-understood attribute of lucky people, and that is the skill of the “Hunch”.

Luck Factor Five – “The Hunching Skill”

Have you ever had a gut feeling about something and ignored it, only to have it turn out to be correct? This is your “Hunching” skill at work. All of the Lucky people in Max Gunther’s 30 year study had a way of following their hunches – they were in tune with them and learned to follow them successfully.

Spiritual people might call this “psychic ability” or even “divine intuition” – but the name you give it doesn’t matter.

Scientifically it is very simple: It has been proven that our sub-conscious mind takes in about 10,000 times as much information as our conscious mind. In case you didn’t know, that’s quite a lot. It is constantly assessing situations against all of this information it has gathered during our lifetime, and from these sub-conscious assessments it gives our bodies “feelings” – for instance when you have a “gut feeling” about something, or if something doesn’t “feel” quite right. It can’t come out as “logical reason” because our conscious mind doesn’t know about them. No – this is our Hunching Skill at work, and the more in tune we are with our body and mind, the more we can take advantage of what our sub-conscious is trying to tell us.


Well-Known Member
Max Gunther also discovered three ways we can improve our own Hunching Skill, so we can use it to increase our Luck in Life and the Stock Market. And here they are for you:

1: Collect “Soft” Facts Along With The Hard

Soft facts are things like a feeling, impression or even “energy” around something. They are not usually given much thought in life, because they are very hard to prove. Think about it – it is much easier to prove that a house has fallen down (hard fact) than it is to prove a feeling that it might fall down (soft fact). But of course that “soft fact” could have saved your life if you were inside the house!

If we are to increase our own Hunching Skill, we must learn to collect and assess these “soft facts” along with the hard. Notice your gut feelings, or when your body gives you uncomfortable signals. At first it may seem silly, but over time it will get better until you are surprised you ever lived without it.


Well-Known Member
2: Never Confuse A Hunch With Hope

Never confuse a hunch with a hope – and this is especially true in the Stock Market. Research has shown that after a person buys a stock, their optimism about owning that stock improves by over 90%. People naturally like and defend the things they belong to – including (and especially) Stocks.

So when we get that feeling or impression and we want to follow it, be sure that it is not just because we are “hoping” that this thing might come about. Once we are aware of this, we can move on to the next method of hunching:

Similar threads