The success equation : untangling skill and luck in business, sports, and investing / by Michael J. MauboussinPublisher: Boston, M.A. : Harvard Business Review Press, 2012Description: xi, 293 p. : ill. ; 24 cm.ISBN: 9781422184233.Subject(s): Personal development
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Introduction: sorting the sources of success -- Skill, luck, and three easy lessons -- Why we're so bad at distinguishing skill from luck -- The luck and skill continuum -- Placing activities on the luck-skill continuum -- The arc of skill -- The many shapes of luck -- What makes for a useful statistic? -- Building skill -- Dealing with luck -- Reversion to the mean -- The art of good guesswork.
Explains how to distinguish between luck and skill, and how to combine them to be successful in life and business. Offers suggestions on recognising when something is the result of luck and when it is the result of skill, and how this analysis will help you in your day to day life.