Strategy

Why We Often Mix Up Great Business Strategies With Dumb Luck

[credit provider=”Instagram/pavidaaaa” url=”http://statigr.am/viewer.php#/detail/346163603825340469_205787923″] There is much to enjoy in Michael Mauboussin’s latest book, The Success Equation: Untangling Skill and Luck in Business, Sports and Investing, but here are a few highlights.How do you distinguish skill from luck? He writes that:
Why We Often Mix Up Great Business Strategies With Dumb Luck
Strategy

Why Greater Skill Leads To More Luck

[credit provider=”Courtesy of the New York Public Library” url=”http://digitalgallery.nypl.org/nypldigital/dgkeysearchresult.cfm?num=700&word=baseball&s=1&notword=&d=&c=&f=&k=0&lWord=&lField=&sScope=&sLevel=&sLabel=&sort=&imgs=20&pNum=”] Originally published under Creative Commons licensing. Updated to reflect permission to reprint from Harvard Business Review Press. Excerpted from “The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing.” Copyright Michael J. Mauboussin. All rights reserved.
Why Greater Skill Leads To More Luck
Lifestyle

STUDY: Believing In Luck Could Lead To A Less-Healthy Lifestyle

[credit provider=”Flickr/Steven Depolo” url=”http://www.flickr.com/photos/stevendepolo/5301595507/”] People who believe in luck or fate are more likely to live an unhealthy lifestyle, a new Australian study suggests.Researchers at the Melbourne Institute of Applied Economic and Social Research interviewed 7,000 people and compiled data on their personality type, diet, and exercise routine.
STUDY: Believing In Luck Could Lead To A Less-Healthy Lifestyle