4 ms·
Hard work over time never really guaranteed success to begin with. Luck has always been a factor on top of that hard work. Luck is also enough on its own.
by twox2 6y ago
Hard work over time never really guaranteed success to begin with. Luck has always been a factor on top of that hard work. Luck is also enough on its own.
- Bakary 6y agoIt's more about the relative change in the weight of the factors. Luck has always been important, but often required extra effort to go with it. Generally if there was an opportunity to be seized you had to do some active seizing. The arena is now a lot more volatile and virtualized. The methods to capture surplus are a lot more random and granular. The surplus itself is bigger and more diversified. Lottery tickets are an old institution, but now you have tickets lying around in random chatrooms all over the place. This is reflected in modern investing strategies. It's now all about throwing money and hoping some of it sticks to a unicorn.
- twox2 6y agoI don't disagree with you, but also I'm not sure I have issue with this new paradigm.