luck

3 statements across 3 episodes · 0 bullish · 1 bearish · 3 people on the record · first statement Jul 25, 2018 by Annie Duke · across every show →

Everything said about luck, oldest first

Jul 25, 2018
Insight
Duke: Blaming bad outcomes on luck devastates learning
“Now, what you've done there is you've socialized the result to the world. You've offloaded responsibility for this bad outcome to the world. Now, in the short run, that feels good. Because you don't need to do any kind of, like, identity update. You don't need…”
Annie Duke Jul 25, 2018 ▶ 21:02 #37 Annie Duke: Getting Better by Being Wrong
Oct 1, 2019 neutral
Insight
Collins: Bad luck can kill companies, but good luck cannot create greatness
“Luck is asymmetric as a cause. We cannot make the case of luck as the cause of a great company in any of our research. It's more of the flywheel effect over time, and return on luck, capitalizing on things, and cumulative, right? So good luck cannot cause a gr…”
Jim Collins Oct 1, 2019 ▶ 1:29:47 #67 Jim Collins: Keeping the Flywheel in Motion
May 28, 2024 negative
Insight
Housel: Controllable Actions That Change Odds Are Not Luck by Definition
“If you can do something that changes your odds of an outcome, it's not luck by definition. Luck to me, the biggest are where and when you were born. You can't control it. Bill Gates couldn't control it. Elon Musk couldn't control it, but it has a massive incom…”
Morgan Housel May 28, 2024 ▶ 7:44 Morgan Housel: Get Rich, Stay Rich
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