What causes the "Midas touch" effect in finance?
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The “Midas touch” effect, where everything someone invests in seems to turn to gold, is often attributed to a combination of skill, timing, and sometimes luck. Successful investors may have a keen sense of market trends and opportunities, while good timing and favorable market conditions can amplify their success. However, it’s important to remember that financial markets are unpredictable, and past success doesn’t guarantee future outcomes.