#1461

Mentioned in 17 episodes

The success equation

Untangling Skill and Luck in Business, Sports, and Investing

Book • 2012

Michael Mauboussin

In this book, Michael Mauboussin helps readers understand the interplay between skill and luck in achieving successes and failures.

He provides a framework to analyze the relative importance of skill and luck, offering concrete suggestions for applying these insights to improve decision-making.

The book covers various concepts such as the continuum of activities from pure luck to pure skill, the importance of sample size, and the use of tools like checklists to enhance performance.

Mauboussin draws on examples from sports, business, and investing to illustrate his points, making the book a valuable resource for anyone seeking to make better decisions in both professional and personal life.

Mentioned by

David Rosenthal

Dr. Joe Sweeney

Cameron Passmore

Mentioned in 17 episodes

Mentioned by

Tim Ferriss

as one of the author's many books.

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Recommended by

Annie Duke

as a resource for understanding the influence of luck and skill in life.

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Mentioned by

Tim Ferriss

as a book exploring skill and luck in various fields.

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Mentioned by

Shane Parrish

as two books he loves.

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Mentioned by Michael Mauboussin as a book exploring the interplay of skill and luck in various fields, including business and investing.

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Recommended by

David Rosenthal

as a resource for understanding skill vs. luck in various fields.

Recommended by

Annie Duke

as a book that explores the influence of luck and skill in our lives.

#60 - Annie Duke, decision strategist: Poker as a model system for life—how to improve decision making, use frameworks for learning, and apply ‘backcasting’ to boost your odds for future success

Mentioned by

Cameron Passmore

as an author of several influential books.

Episode 344 - Michael Mauboussin: The One Job of an Equity Investor

Recommended by

Annie Duke

as an amazing exploration of luck and skill.

20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions

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Mentioned by

Keith Rabois

as a book that helps distinguish between skill and luck.

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Mentioned by

Dr. Joe Sweeney

as one of Michael Mauboussin's popular books in the field of decision making.

BONUS – Michael Mauboussin on the Decision Education Podcast

Mentioned by

Dr. Joe Sweeney

as one of Michael Mauboussin's popular books in the field of decision making.

BONUS – Michael Mauboussin on the Decision Education Podcast

Mentioned by

Keith Rabois

as a book that helps distinguish between skill and luck.

E55: Keith Rabois, Logan Bartlett, Kevin Ryan, and Zach Weinberg Dissect the Current Funding Climate

Recommended by

Will Quist

as a must-read for everyone in venture capital, as it changed his daily operations.

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Recommended by Sam Arbesman as a book exploring the difference between skill and luck in various fields.

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Mentioned by

Barry Ritholtz

as a book that explores the relationship between luck and skill in sports, investing, and business.

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Recommended by Michael J. Lee as a fascinating read on skill and luck in business, sports, and investing.

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Recommended by

Jason Samons

as a book that focuses on success in business, sports, and investing.

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Mentioned by

Ted Seides

as containing insights on the paradox of skill and anecdotes from sports.

[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)

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