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I don't think the comparison is fair. I think a good analogy for sports is watching a weighted random number generator and then building a narrative around it
by joejohnson 15y ago
I don't think the comparison is fair. I think a good analogy for sports is watching a weighted random number generator and then building a narrative around it (http://xkcd.com/904/ http://xkcd.com/904/). I don't this analogy works for competing businesses.
The difference between the best and worst teams in a professional league is usually minute. Thus, the outcomes of the super bowl or the world series are often more biased by chance than the intrinsic differences in ability between the opposing teams.
I would argue that, while there are still many random factors in the business "game", the vast differences in performance between the winners is losers is proof that some people truly know what they are doing (Apple is one example). Thus, admiration of Apple is probably more deserved than admiration of the New England Patriots.
- cbs 15y agoThe difference between the best and worst teams in a professional league is usually minute. Yes, when you compare the entire market to the NFL's Fortune 32, of course football is going to appear more based on luck that skill. You're forgetting all about the skill it took for people to get drafted into those franchises. If we were to look just at the Fortune 50, buisness starts to have all the same properties you ascribe to professional sports leagues.