Today’s reading notes, as part of #WkofBks and Day 6 of the Your Turn Challenge is The Success Equation, Untangling Skill and Luck in Business, Sports, and Investing.
I think this is a fascinating topic because we all know that both factors are highly relevant for a lot of high performance activities, but they are not easy disconnected. I’ve won a NCAA championship, started and folded a venture-backed company, and invested money in various asset classes so there’s a lot of personal interest here.
These reading notes began life as an “Ignite-style” 5 minute presentation with slides automatically progressing every 15 seconds — which I gave on a Monday morning presentation for Percolate. The words below are essentially what I said during that talk.
My book presentation is on The Success Equation, by Michael Mauboussin, who’s Head of Global Financial Strategies at Credit Suisse. The book is about understanding and managing the role of luck vs skill in complex activities. We’ll start off with a quick quiz. Continue reading…