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Almost all of these comments are about the headline, but the actual article is really good: -Get rid of luck “When you say you got lucky, you got lucky becaus
by AJ007 13y ago
Almost all of these comments are about the headline, but the actual article is really good:
-Get rid of luck
“When you say you got lucky, you got lucky because you didn’t know what was going to happen. The corollary is, if you know what’s going to happen, then there is no luck. There’s also no uncertainty and no risk,” Friedberg says. “In this context, shouldn’t your objective be to always know what’s going to happen? To always remove the unknowns?”
You can see the world as one of superstition, luck, and magic, or you can see the world as one of logic and explainable order. Nassim Taleb had a few things to say about people using logic to explain random past events, and there is some truth to this as well (which incidentally is probably somewhat relevant to predicting nearly chaotic weather problems.) But, you can make manageable, hedged bets and discover truth to the reality today. The output will be a solved problem that makes customers happy.
There are more opportunities today than I have ever seen before. There are more tools for people to solve these problems than ever before. Look at waste, look for inefficiencies, and remove them even just a little bit at a time. You don't need to build a billion dollar company. But, if you do an excellent job at fixing that small problem, you might end up with a billion dollar company.
A lot of companies make money through introduction of waste, inefficiency, and confusion. They fatten their short term margins while erasing their companies long term viability.
- avalaunch 13y agoGet rid of luck was one good point the article made. The other was to do something meaningful. This is one time I wish someone changed the title of the article. It's just silly link bait that hides a really good article.