In the following video, Motley Fool consumer goods analyst Blake Bos discusses luck in investing. He discusses Supervalu (NYSE:SVU), a company that may not have been the most sound investment according to its fundamentals. But those who bought in recently did get a "lucky" reward when the company recently sold several of its assets at a premium. Bos tells us how to choose good companies when you invest to increase your odds of experiencing lucky events like this, and what some of the pitfalls in choosing a strong company can be if you don't do your homework properly.
Blake Bos owns shares of RadioShack and SodaStream. Blake Bos has the following options: Long Jun 2013 $14 Puts on Best Buy. The Motley Fool recommends SodaStream. The Motley Fool owns shares of RadioShack, SodaStream, and Supervalu. The Motley Fool is short RadioShack. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.