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Flip a coin enough times and you'll get a run of all heads that is arbitrarily long. Doesn't change the fact that nothing but randomness is at work. Musk works
by tjradcliffe 11y ago
Flip a coin enough times and you'll get a run of all heads that is arbitrarily long. Doesn't change the fact that nothing but randomness is at work.
Musk works hard, no doubt. But that is a necessary, not a sufficent, condition for success. Many people have worked just as hard as Musk and failed. Furthermore, successful people who start second businesses tend to fail slightly more often than first-timers, which is hard to understand if you believe business success is a learnable skill.
So I don't think Musk is a counter-example to the OP's point, but rather a predictable consequence. In a world were 95% of startups fail and tens of thousands of people start companies, you'd expect the odd one to have multiple successes.
Again: this does not mean that Musk isn't incredibly smart, hard-working and most of all courageous. It means he's all of that, and lucky as well.
Every successful entrepreneur is going to be hard working etc, but that says nothing about all the hard working entrepreneurs who aren't successful (I'm belabouring this point because in this kind of discussion one often sees "All the successful people I know are hard-working" as if that had anything at all to do with the claim "All hardworking people are successful."
- onewaystreet 11y agoThis implies that all work is equal. If two entrepreneurs both work 80-hours weeks and only one is successful, I don't chalk up his success to luck, I ask what did he do during those 80-hours that the other entrepreneur did not.
- marcus_holmes 11y agoif 100 people do random things, and 99 fail while 1 succeeds through sheer luck, do you repeat the same random things they did? Survivor bias is a huge problem in learning from case studies. A particular tactic may work well through a particular combination of market, environment, team and timing. That doesn't mean it's a good tactic for your particular situation. You absolutely have to study and learn from the failures as well as the successes.