Luck plays a much bigger role in success than most people believe. And failing to account for the role that luck plays can make fortunate people less likely to share their good fortune.
Thanks John - I agree, our postcode determines so much, yet we still have a struggle getting people to understand and appreciate the impact of social and commercial determinants.
100% Matt! Borne out by the litany of individuals who are immensely talented and don't quite 'make it'. Luck, right place right time, connections and opportunity play a massive role in success. Thanks for your thoughts.
Thanks for raising this issue Matt. Our prospects are indeed shaped by the postcode lottery of where we were born.
Thanks John - I agree, our postcode determines so much, yet we still have a struggle getting people to understand and appreciate the impact of social and commercial determinants.
Great article!
Benoit Mandelbrot has done some awesome work on this too Matt. Fractal Geometry in nature, and misbehaviour in markets.
Luck is most impactful in environments where randomness is 'wild' rather than 'mild'. Ie) more in being an investor, less in being a practitioner.
Interesting Max - I'll check out his work.
Thank s Matt, your thoughts inspires to keep on going. Keep up the great work!!
Thanks Martin.
100% Matt! Borne out by the litany of individuals who are immensely talented and don't quite 'make it'. Luck, right place right time, connections and opportunity play a massive role in success. Thanks for your thoughts.
Thanks Maree!