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I think that’s needlessly reductionist. Read the biographies of people like Mark Cuban and Richard Branson: both of these men were born entrepreneurs and salesm
by dlivingston 6y ago
I think that’s needlessly reductionist. Read the biographies of people like Mark Cuban and Richard Branson: both of these men were born entrepreneurs and salesmen, with Cuban starting his first business at age 12 and Branson at age 16.
A good parallel to this is the music industry, actually: yes, there is a significant amount of luck in “making it.” But you cannot deny that talent is one of the strongest predictors: at the very least, talent is the bar to entry.
- michaelscott 6y agoI think people like Cuban and Branson are good examples of those who "make their own luck", where they're running the business version of Monte Carlo simulation until something sticks. They definitely have the right mindset and skillset to do things like run a business successfully, but obviously the probability of success increases with the number of attempts.
- hesk 6y agoLooking at examples of successful people is classic survivorship bias. Smart people who lucked out on their businesses do not get to write biographies. EDIT: spelling
- blackoil 6y agoBeing smart may not be sufficient, but seems necessary atleast to make your own money.
- projektfu 6y agoYeah, but the music industry also has an issue that a surprising number of non-musical things are considered talent. "Production value" as was said in Tape Heads.