Money and Finance
- Links
Q&A with Bill Gates (LINK) You once said success is a lousy teacher. What did you mean by that? Anybody who’s super-successful has been misled a little bit. They don’t really know the actual magic factors of luck and skill that led...
- Talks At Google: Michael Mauboussin, "the Success Equation: Untangling Skill And Luck"
Link to video ................ Related book: The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing Related previous post: AIC 2014 Keynote: The Success Equation - Untangling Skill and Luck (Michael Mauboussin) [H/T ValueWalk]...
- How To Convince Investors – By Paul Graham
(This is one of a pair of essays on fundraising. The next one, on fundraising tactics, is coming soon.) When people hurt themselves lifting heavy things, it's usually because they try to lift with their back. The right way to lift heavy things is...
- Simoleon Sense: Miguel Barbosa's Interview With Michael Mauboussin
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- Michael Mauboussin On Bloomberg (video)
Found via The Big Picture. Nov. 20 (Bloomberg) -- Michael Mauboussin, chief investment strategist at Legg Mason Capital Management Inc., talks about his new book "The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing." Mauboussin...
Money and Finance
Was Harry Potter Inevitable? - Michael Mauboussin
Our society often associates success with quality. In a fiercely competitive market, the thinking goes, only the best products rise to the surface. Once a product is a hit, whether a blockbuster movie or a bestselling book, we readily point to the attributes that make it so appealing. And the stakes are high: studies show a small minority of winners reap the vast majority of the sales.
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The link between success and quality is clear and legitimate in many domains. For example, consistent tournament winners in tennis or golf must have the skill to beat a large field of hungry challengers. But what happens if factors other than quality shape success? Might we draw the wrong lessons from the successes and failures we see and make ill-informed decisions as a result?
- Links
Q&A with Bill Gates (LINK) You once said success is a lousy teacher. What did you mean by that? Anybody who’s super-successful has been misled a little bit. They don’t really know the actual magic factors of luck and skill that led...
- Talks At Google: Michael Mauboussin, "the Success Equation: Untangling Skill And Luck"
Link to video ................ Related book: The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing Related previous post: AIC 2014 Keynote: The Success Equation - Untangling Skill and Luck (Michael Mauboussin) [H/T ValueWalk]...
- How To Convince Investors – By Paul Graham
(This is one of a pair of essays on fundraising. The next one, on fundraising tactics, is coming soon.) When people hurt themselves lifting heavy things, it's usually because they try to lift with their back. The right way to lift heavy things is...
- Simoleon Sense: Miguel Barbosa's Interview With Michael Mauboussin
...
- Michael Mauboussin On Bloomberg (video)
Found via The Big Picture. Nov. 20 (Bloomberg) -- Michael Mauboussin, chief investment strategist at Legg Mason Capital Management Inc., talks about his new book "The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing." Mauboussin...