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Jan 23rd, 2013
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The role of luck in success and failure #12668424
03/12/18 12:41 PM
03/12/18 12:41 PM
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Jpurdue Offline OP
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Here's a potentially contentious study. It used computer models to show becoming wealthy has far more to do with luck than with talent or hard work. It is a bit uncomfortable to think about, but I generally tend to agree. Some of the wealthiest folks I know aren't the smartest or the hardest working. They were in the right place at the right time, or had the right connections.

I think hard work goes a long way, but you can be the hardest worker in the world and get cancer at 32 and wind up broke. Conversely you can be dumb as a box of rocks, but use daddy's business connections to land a six figure job.

Discuss.

Link to study


"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L.

www.LunkerLore.com

Re: The role of luck in success and failure [Re: Jpurdue] #12668433
03/12/18 12:46 PM
03/12/18 12:46 PM
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White Settlement, TX.
Bigbob_FTW Online content
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ibtmttb



Re: The role of luck in success and failure [Re: Jpurdue] #12668434
03/12/18 12:47 PM
03/12/18 12:47 PM
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So the old saying, "The harder I work, the luckier I get" may not be an accurate statement?



Re: The role of luck in success and failure [Re: Jpurdue] #12668439
03/12/18 12:52 PM
03/12/18 12:52 PM
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Rowlett,Liquor City,Texas
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I don't believe in luck. I lean more towards a heavenly purpose. Blessings are how I would refer to a comfortable living through ones hard work. Then, couple that with generosity and benevolence. There is some reason for that traffic jam that makes us late for an appointment. I'm a believer.



Re: The role of luck in success and failure [Re: Jpurdue] #12668443
03/12/18 12:54 PM
03/12/18 12:54 PM
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That's like saying graduating from Cornell is more luck than anything else.

Re: The role of luck in success and failure [Re: Hancock] #12668450
03/12/18 12:58 PM
03/12/18 12:58 PM
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Southlake, Texas
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I would rather be lucky than good any day. thumb Movers and shakers usually do pretty well in life.


Re: The role of luck in success and failure [Re: Jpurdue] #12668453
03/12/18 12:59 PM
03/12/18 12:59 PM
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Half or more scientific discoveries are attributed to luck.

Re: The role of luck in success and failure [Re: Hancock] #12668454
03/12/18 12:59 PM
03/12/18 12:59 PM
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Originally Posted By: Hancock
That's like saying graduating from Cornell is more luck than anything else.


Maybe not the graduating but possibly the circumstances that lead someone to be accepted to Cornell and to pay for it.




Re: The role of luck in success and failure [Re: Jpurdue] #12668464
03/12/18 01:10 PM
03/12/18 01:10 PM
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I certainly think hard work can improve your odds, but in terms of being a predictive measure of success, hard work apparently isn't all that meaningful. That's a tough pill to swallow. I struggle with it, but I think it's probably true. Not sure what we do with that knowledge. I don't think it should really change anything about the way our society is set up.


"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L.

www.LunkerLore.com

Re: The role of luck in success and failure [Re: Jpurdue] #12668470
03/12/18 01:18 PM
03/12/18 01:18 PM
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I have been lucky fishing......but I could have been luckier!


You can avoid having ulcers by adapting to the situation: If you fall in the mud puddle, check your pockets for fish. ~Unknown

Open your eyes & look within, are you satisfied with the life you´re living.

No matter how good or bad you have it, wake up each day thankful for your life. Someone somewhere else is desperately fighting for theirs.
Re: The role of luck in success and failure [Re: Jpurdue] #12668488
03/12/18 01:31 PM
03/12/18 01:31 PM
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If someone truly does not think hard work and determination are not keys to success then so be it. I have seen far too much firsthand that contradicts that study. Hard work, determination, and the power of chasing a dream cannot be measured by a computer.

Re: The role of luck in success and failure [Re: Mark Perry] #12668502
03/12/18 01:40 PM
03/12/18 01:40 PM
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Originally Posted By: Mark Perry
If someone truly does not think hard work and determination are not keys to success then so be it. I have seen far too much firsthand that contradicts that study. Hard work, determination, and the power of chasing a dream cannot be measured by a computer.


What percentages of business start ups fail? Were those people not hard working dream chasers? I'm not sharing this study to discourage anyone. And by all means, I fully believe you should work hard. In terms of things you can control, there is zero doubt in my mind it matters a great deal. That said, the study shows the things you can't control matter more.

In all probability we would have never heard the name Bill Gates if he hadn't been born exactly when and where he was. He was born right at the start of the computer age and within a few blocks of one of two super computers that were open to public access at the time. This access sparked his interest in code. No doubt he's a hard worker, but if he was born in Indiana he would not have founded Microsoft.


"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L.

www.LunkerLore.com

Re: The role of luck in success and failure [Re: Jpurdue] #12668510
03/12/18 01:44 PM
03/12/18 01:44 PM
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"Luck" is not defined in the paper.

"Success" is defined as getting rich. You'll have more "Luck" getting rich by adhering to social norms of the "rich", making good decisions and finding an environment in which you have a higher probability of meeting and socializing with people who have the funds to assist with your "success Luck". There are so many things that come into play the paper didn't even touch on. One thing they left out that I have found in most of the "Rich" people I know is their focus, commitment and sheer will to succeed. "No" to them wasn't the end of the dream it was simply a trigger to address the concerns and repackage the product and pitch to that person and try again. If you accept the no...is that being unlucky? I don't know any "Rich Lucky" people who will toss money at someone without testing the individuals resolve. They'll say no to a great idea just to see if the individual has the determination to make it a yes. The "Lucky" have people pitching scams to them all the time. They don't gamble the money they've earned. Getting "Rich" is only the first half of it...staying "Rich" is just as hard. It takes as much focus, commitment and sheer will to stay "Lucky" as you put in getting "Lucky."

IMO the bottom line of "Luck" is that it is shaped by a life of good decisions, following social norms and surrounding yourself with people who actively work towards getting "Rich Lucky"...but there are those who just happen to be in the right place at the right time. Few of them. I wouldn't base a business plan or investment strategy on getting "Lucky" and I don't think many "Lucky" people do.


Hatred corrodes the container it's carried in.
Re: The role of luck in success and failure [Re: Jpurdue] #12668512
03/12/18 01:44 PM
03/12/18 01:44 PM
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southwest georgia USA
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when it comes to tournament fishing,seems to me that when it's your day to win,you'll win and when it ain't your day,you won't win.....
that's not to say you don't even need to practice or be a very good fisherman...typically in a tournament of any size,you will have several good fishermen in a position to win and two or three guys lost a fish that would have won it for them.....

Re: The role of luck in success and failure [Re: Jpurdue] #12668521
03/12/18 01:48 PM
03/12/18 01:48 PM
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Denton County
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I would like to get lucky with that little red head lady who works at the Kroger... you know the one I am talking about... in Flo Mo. She does the flowers and stuff I think. Wait what are we talking about here? Chris Cornell? Black Hole Sun wont you come...


Originally Posted By: junbengreat
Pulled a gun on his dryer and they caught a bunch of fish.
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