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#122 — Transformations from Good to Great — Jim Collins

Magic Minds

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The Return on Luck Moment

Good luck is not a cause of greatness, but bad luck can be the cause of getting knocked out. The probabilities that any given idea are going to succeed are negligible. There's a negative correlation with starting a company with a great idea and building a great company. Most of the great companies actually had some failures at the start, rather than successes.

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