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Jan 23rd, 2013
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Re: The role of luck in success and failure [Re: Davedave] #12669278
03/12/18 08:40 PM
03/12/18 08:40 PM
Joined: Oct 2006
Posts: 53,816
White Settlement, TX.
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Originally Posted By: Davedave
Originally Posted By: Scagnetti
This subject has been studied to death

First off Iíll define success as amassing wealth and I donít mean a 4 BR, 3 BA house in Frisco with a swimming pool, two high dollar foreign sedans in the garage and a $2 million 401(k)

I mean real wealth

By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.

But what about the American Dream you say, and I donít mean Dusty Rhodes. Get an education, work hard, make sacrifices to build a career, take on immense challenges to improve yourself, blah, blah, blah and you can become rich and famous.

Not bloody likely! Oh it happens alright but for everyone that makes it, thereís a slew of them who are laying in a ditch with a javelin through them. And this is further compounded by some peopleís idea of what ďhardĒ work really is.

Iím out. I donít have a pool, and I have a couple of Fords and a Toyota. Maybe next year.


your house is 3 times the size of mine. Rich is relative.



Re: The role of luck in success and failure [Re: Bigbob_FTW] #12669283
03/12/18 08:42 PM
03/12/18 08:42 PM
Joined: Jul 2012
Posts: 19,023
Grapevine, TX
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Originally Posted By: Bigbob_FTW
Originally Posted By: Davedave
Originally Posted By: Scagnetti
This subject has been studied to death

First off Iíll define success as amassing wealth and I donít mean a 4 BR, 3 BA house in Frisco with a swimming pool, two high dollar foreign sedans in the garage and a $2 million 401(k)

I mean real wealth

By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.

But what about the American Dream you say, and I donít mean Dusty Rhodes. Get an education, work hard, make sacrifices to build a career, take on immense challenges to improve yourself, blah, blah, blah and you can become rich and famous.

Not bloody likely! Oh it happens alright but for everyone that makes it, thereís a slew of them who are laying in a ditch with a javelin through them. And this is further compounded by some peopleís idea of what ďhardĒ work really is.

Iím out. I donít have a pool, and I have a couple of Fords and a Toyota. Maybe next year.


your house is 3 times the size of mine. Rich is relative.

Iíve got a shotgun, a rifle and a four wheel drive.

Re: The role of luck in success and failure [Re: joebass2] #12669312
03/12/18 08:58 PM
03/12/18 08:58 PM
Joined: Mar 2014
Posts: 16,932
North Texas
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Originally Posted By: joebass2
Originally Posted By: Duck_Hunter
Originally Posted By: Jpurdue
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.


Some might say Bill Gates benefited from fate, destiny or chance and hard work. Life isnít fair, being in the right place at the right time is huge, knowing the right people can help, but it still takes hard work for the vast majority of the people that are successful.

Youíre right, Gates benefited from the time he was born and growing up down the street from a place that had super computers open to the public and needed people to code. He still put in countless hours learning to code and then applying that learned knowledge to building an empire.

I don't consider that aspect of his life (being born at the right time and location) luck. I think he had some luck along the way, but it was taking some chances as he built Microsoft and the ball bounced his way.

I agree with Jacob, though. How did the study define luck? Without a definition (and depending on the definition) itís hard to agree with the studyís findings.


Didn't hurt that Bill Gate's Dad was a partner in the largest law firm in Seattle. Kinda puts a damper on the whole 'garage' story.


I donít understand your point or how that puts a damped on the garage story.

Last edited by Duck_Hunter; 03/12/18 08:59 PM.

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Re: The role of luck in success and failure [Re: Jpurdue] #12669423
03/12/18 10:05 PM
03/12/18 10:05 PM
Joined: Sep 2009
Posts: 8,008
Red Oak, Tx. (North Texas)
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Iíll just put this in here for whatever reason-
And just one example but there are many more-
Robin williams was both successful and wealthy-
But he was not happy-
Iíd rather be happy-


This space currently held Hostage by photobucket-
Re: The role of luck in success and failure [Re: Jpurdue] #12669683
03/13/18 01:03 AM
03/13/18 01:03 AM
Joined: Feb 2008
Posts: 17,449
Sachse Texas
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Sachse Texas
I don't believe in luck - at all.


Whether you think you can or you can't, you are probably right.
Re: The role of luck in success and failure [Re: Jpurdue] #12669723
03/13/18 01:25 AM
03/13/18 01:25 AM
Joined: Jan 2008
Posts: 7,658
Island of Jeff (Humble)
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Fishspanker Offline
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Island of Jeff (Humble)
A guy I do business with sold his company with his partner for $1.6 billion. I have tried to figure out what he has that got him to that point. It's hard to say. Mainly he was willing to take the risk. He came to the US with two suitcases to get a degree at Harvard. Definitely intelligent. What he is doing now is basically for entertainment.

I like the story of the guy who owns the OX Ranch hunting ranch. Started a company Hostgator.com and sold it for over 200 million. Buys a big hunting ranch where you can now go drive a real tank. That's crazy.

Most of us are too busy making a living to make any real money.

Last edited by Fishspanker; 03/13/18 01:30 AM.

A Nation of Sheep will soon have a government of Wolves.
Re: The role of luck in success and failure [Re: Scagnetti] #12669727
03/13/18 01:28 AM
03/13/18 01:28 AM
Joined: Mar 2005
Posts: 27,936
Arlington, Texas
butch sanders Offline
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Originally Posted By: Scagnetti
This subject has been studied to death

First off Iíll define success as amassing wealth and I donít mean a 4 BR, 3 BA house in Frisco with a swimming pool, two high dollar foreign sedans in the garage and a $2 million 401(k)

I mean real wealth

By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.

But what about the American Dream you say, and I donít mean Dusty Rhodes. Get an education, work hard, make sacrifices to build a career, take on immense challenges to improve yourself, blah, blah, blah and you can become rich and famous.

Not bloody likely! Oh it happens alright but for everyone that makes it, thereís a slew of them who are laying in a ditch with a javelin through them. And this is further compounded by some peopleís idea of what ďhardĒ work really is.


your wisdom is admirable

now a seperate topic
who did you take in
The Derby Futures ?

Re: The role of luck in success and failure [Re: butch sanders] #12669739
03/13/18 01:35 AM
03/13/18 01:35 AM
Joined: Jan 2006
Posts: 28,918
Dallas
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Originally Posted By: butch sanders
Originally Posted By: Scagnetti
This subject has been studied to death

First off Iíll define success as amassing wealth and I donít mean a 4 BR, 3 BA house in Frisco with a swimming pool, two high dollar foreign sedans in the garage and a $2 million 401(k)

I mean real wealth

By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.

But what about the American Dream you say, and I donít mean Dusty Rhodes. Get an education, work hard, make sacrifices to build a career, take on immense challenges to improve yourself, blah, blah, blah and you can become rich and famous.

Not bloody likely! Oh it happens alright but for everyone that makes it, thereís a slew of them who are laying in a ditch with a javelin through them. And this is further compounded by some peopleís idea of what ďhardĒ work really is.


your wisdom is admirable

now a seperate topic
who did you take in
The Derby Futures ?

I paid $2 grand for the Lone Star Clocker tip sheet aka the butch sanders special




Re: The role of luck in success and failure [Re: Scagnetti] #12669863
03/13/18 02:37 AM
03/13/18 02:37 AM
Joined: Mar 2014
Posts: 16,932
North Texas
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Originally Posted By: Scagnetti
Originally Posted By: butch sanders
Originally Posted By: Scagnetti
This subject has been studied to death

First off Iíll define success as amassing wealth and I donít mean a 4 BR, 3 BA house in Frisco with a swimming pool, two high dollar foreign sedans in the garage and a $2 million 401(k)

I mean real wealth

By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.

But what about the American Dream you say, and I donít mean Dusty Rhodes. Get an education, work hard, make sacrifices to build a career, take on immense challenges to improve yourself, blah, blah, blah and you can become rich and famous.

Not bloody likely! Oh it happens alright but for everyone that makes it, thereís a slew of them who are laying in a ditch with a javelin through them. And this is further compounded by some peopleís idea of what ďhardĒ work really is.


your wisdom is admirable

now a seperate topic
who did you take in
The Derby Futures ?

I paid $2 grand for the Lone Star Clocker tip sheet aka the butch sanders special


Butch always goes for two.


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Re: The role of luck in success and failure [Re: Jpurdue] #12670093
03/13/18 10:29 AM
03/13/18 10:29 AM
Joined: Oct 2005
Posts: 69,849
Realville
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Bitcoin. ##blockchain


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Re: The role of luck in success and failure [Re: Jpurdue] #12670112
03/13/18 11:08 AM
03/13/18 11:08 AM
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Posts: 19,650
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What do they define as "wealthy"?

There are lots of smart people. If you lump all the smart people who work hard into one category, there are obviously some that are going to be luckier than others and they are likely to be the wealthiest. There are plenty of smart people who work hard that aren't wealthy as well, and I think they're on the other end of the luck spectrum.

Bottom line - generally, you can't get significant wealth without being smart, working hard, and getting lucky. It takes all 3. We just like to ignore the last one because there's nothing you can do about it.


Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
Re: The role of luck in success and failure [Re: Scagnetti] #12670164
03/13/18 12:27 PM
03/13/18 12:27 PM
Joined: Feb 2004
Posts: 26,660
Longview
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Originally Posted By: Scagnetti


By far, the profile of real wealth comes from those who were to the manor born. They have old money, socialize with others with old money, go to the same old money schools and saving the best for last, marry into old money. Itís very incestuous and itís a galaxy the nouveau riche rarely experience.


Rich marry the rich, and the poor marry the poor. I watched all this happen the 40 years I have been here in Longview.


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 youīre 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] #12670173
03/13/18 12:31 PM
03/13/18 12:31 PM
Joined: Oct 2006
Posts: 53,816
White Settlement, TX.
Bigbob_FTW Online content
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White Settlement, TX.
A poor girl wants to marry
And a rich girl wants to flirt
A rich man goes to college
And a poor man goes to work
A drunkard wants another drink of wine
And a politician wants a vote
I don't want much of nothin' at all
But I will take another toke



Re: The role of luck in success and failure [Re: patriot07] #12670180
03/13/18 12:35 PM
03/13/18 12:35 PM
Joined: Apr 2014
Posts: 2,776
NW Houston
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Originally Posted By: patriot07

Bottom line - generally, you can't get significant wealth without being smart, working hard, and getting lucky. It takes all 3. We just like to ignore the last one because there's nothing you can do about it.


Agree.


"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] #12670257
03/13/18 01:19 PM
03/13/18 01:19 PM
Joined: Apr 2014
Posts: 2,776
NW Houston
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One of the things that study points out is that hard work and intelligence are necessary in most cases to be successful in life, but that the most talented people are rarely the most successful. The most talented folks are overtaken by folks of average work ethic and intelligence who just happened to be exceptionally lucky.

Here's a great case in point. A 19 year old kid who hit it big in bitcoin. He thinks you are stupid if you don't become a millionaire in the next 10 years. He is completely unaware his success was nothing but luck.

https://gizmodo.com/19-year-old-bitcoin-millionaire-says-its-your-own-fault-1822621836


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

www.LunkerLore.com

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