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Success doesnt happen in a vacuum. It takes blood, sweat, and tearsyour blood, sweat, and tears. And these arrangements fail to acknowledge one critical truth:
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Success is rarely immediate. Not the kind that you make when doing great work in the world, the kind that smacks you right in the reality of growing in success. If youve had any degree of success, you know what. How do we know which of our successes and failures can be attributed to either skill or luck?
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That is the question that investment strategist michael j. Mauboussin explores in his book the success equation: Untangling skill and luck in business, sports, and investing. The society has painted success as the ultimate goal. Work hard, achieve greatness, and happiness will naturally follow.
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