The success equation
by Michael J. Mauboussin · first published 2012
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4HN commenters
2014–2018first – last mentioned
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'In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives--yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions
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…post on luck, similar to this one, is by Paul Buchheit, "Serendipity finds you" - http://paulbuchheit.blogspot.com/2010/10/serendipity-finds-y... And the best book IMO is by Michael J. Mauboussin, "The Success Equation: Untangling Skill and Luck in Sports, Business, and Investing" - http://www.amazon.com/Success-Equation-Untangling-Business-I... Way better than Nassim Nicholas Taleb's work, he's got his head up his…
on “Why are some people so much luckier than others?” ↗One of the best 'Talks at Google' via Michael Mauboussin "The Success Equation: Untangling Skill and Luck" Thesis: where absolute talent/skill is high, variance in relative talent is low, thus luck > skill. https://www.youtube.com/watch?v=1JLfqBsX5Lc
on “Investing Is More Luck Than Talent” ↗…time. This effect has also been shown to describe how music gets popular, but applies to any domain that can result in fame or social status. I discovered this concept by reading Michael Mauboussin’s The Success Equation where he writes: >> The Matthew effect explains how two people can start in nearly the same place and end up worlds apart. In these kinds of systems, initial conditions matter. And as time goes on, they…
on “I Quit My Job to Live on Donations to Zig” ↗A bit of a tangent but here's something I stumbled on recently: Vox: A statistical analysis of luck vs skill in sports. They interview the author of The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing https://www.youtube.com/watch?v=HNlgISa9Giw I've been trying to get into hockey lately and I doubt It'll last because there seems to be…
on “Talent vs. Luck: the role of randomness in success and failure” ↗