"Much of what we experience in life results from a combination of skill and luck." (From the Introduction)
The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each - and how we can learn to tell the difference ahead of time. In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives - yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions.
In this provocative audiobook, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions.
The Success Equation helps us move toward this goal by:
Showcasing Mauboussin's trademark wit, insight, and analytical genius, The Success Equation is a must for anyone seeking to make better decisions - in business and in life.
This is one of my favorite audiobooks of the many I have heard. It is a great entry point for thinking statistically. I never tire of explanations of basic ideas in clear terms. This is carefully composed to build one understanding on another. I have heard many of these ideas elsewhere, Daniel Kahneman for example is discussed throughout this genre, but this is one of the best-composed. One could waste much effort and resources in life, whether in business, investing, gambling, or other decisions, from the common errors that this book clears up. This is a great prelude to a more technically-written book like "How To Measure Anything."
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This book is Mentality "New" and Stimulating. A book best with note taking options avaliable.
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The book is bit repetitive, but helpful in understand key concepts and the importance of thinking in probabilities and understand the role of luck in many outcomes. Unfortunately, this was not a great audiobook as it was sometimes hard to understand the statistical references without being able to view the charts or graphs being referenced.
I think the performance is a little bit dull, perhaps because the content contains lots of mathematics. For equations it's better to read than listen.
I couldn't fully tell if the narrator was a human being or a text-to-speech program. Odd pauses, odd inflection, and pretty monotone.
Book was very interesting, I watched a Google talk with the author, and I found the talk better. Nonetheless, the central idea is a great one, I have more typo think about as a result, this book has delivered a valuable thinking tool I the skill vs. luck continuum.