Who dares loses: Buffett on luck, taxes and a challenge

I am quoted by Morningstar:

Warren Buffett on luck and the ‘ovarian lottery’

David Kass is a Professor of Finance at the University of Maryland in the US. According to CNBC, he was the first to publish Warren Buffett’s views on luck and the ‘ovarian lottery’ based on notes Kass took when Buffett was speaking at a 2013 graduate student event. Kass recalls:

“Warren Buffett has stressed the importance of luck in his life, focusing not only on where he was born but also when. His primary skill of allocation of capital has worked well for him in the United States and in his lifetime. Having the good luck to win the ‘ovarian lottery’ is a major determinant in success in life in general and in business in particular.”