Mild success by hard work. Wild success by luck.

By | Life, Randomness

(Extracted from Fooled by Randomness by Nassim Taleb)

Nero believes that risk-conscious hard work and discipline can lead someone to achieve a comfortable life with a very high probability. Beyond that, it is all randomness: either by taking enormous (and unconscious) risks, or by being extraordinarily lucky. Mild success can be explainable by skills and labor. Wild success is attributable to variance.

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