

#1411
Mentioned in 17 episodes
The success equation
Untangling Skill and Luck in Business, Sports, and Investing
Book • 2012
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.
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





















Mentioned in 17 episodes
Mentioned by 

as one of the author's many books.


Tim Ferriss

769 snips
#659: Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More
Recommended by 

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


Annie Duke

654 snips
Improve your decision-making, frameworks for learning, backcasting, and more | Annie Duke (#60 rebroadcast)
Mentioned by 

as a book exploring skill and luck in various fields.


Tim Ferriss

363 snips
#666: In Case You Missed It: March 2023 Recap of "The Tim Ferriss Show"
Mentioned by 

as two books he loves.


Shane Parrish

344 snips
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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.

200 snips
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Recommended by 

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


David Rosenthal

178 snips
SpaceX
Recommended by 

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


Annie Duke

139 snips
#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 ![undefined]()

as an author of several influential books.

Cameron Passmore

136 snips
Episode 344 - Michael Mauboussin: The One Job of an Equity Investor
Recommended by 

as an amazing exploration of luck and skill.


Annie Duke

26 snips
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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18 snips
Audiobook - Shareholder Yield: A Better Approach to Dividend Investing - 2nd Edition | #565
Mentioned by 

as a book that helps distinguish between skill and luck.


Keith Rabois

12 snips
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Mentioned by 

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


Dr. Joe Sweeney

BONUS – Michael Mauboussin on the Decision Education Podcast
Mentioned by 

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


Dr. Joe Sweeney

BONUS – Michael Mauboussin on the Decision Education Podcast
Mentioned by 

as a book that helps distinguish between skill and luck.


Keith Rabois

E55: Keith Rabois, Logan Bartlett, Kevin Ryan, and Zach Weinberg Dissect the Current Funding Climate
Recommended by ![undefined]()

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

Will Quist

20VC: Why 95% of Venture Capital is Not Really "Venture Capital" | The Five Core Levers Needed To Assess Risk and Price a Startup | The Future of Venture; Who Wins, Who Loses, What Happens to the Crossover Funds with Will Quist, Partner @ Slow Ventures
Recommended by Sam Arbesman as a book exploring the difference between skill and luck in various fields.

Rationally Speaking #83 - Samuel Arbesman On The Half-Life of Facts
Mentioned by 

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


Barry Ritholtz

Interview With John Roque: Masters in Business (Audio)
Recommended by Michael J. Lee as a fascinating read on skill and luck in business, sports, and investing.

Asia's Crypto Boom, Stablecoin Wars, and Crypto's Global Shifts | Roundup
Recommended by ![undefined]()

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

Jason Samons

The Value Perspective with Jason Samons
Mentioned by 

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


Ted Seides

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