Money For the Rest of Us

Is Success Due to Hard Work, Talent, or Luck?

Nov 2, 2022

25:26

Highlights

AI Chapters

Episode notes

How Randomness Can Affect Your Career

01:51

How Random Factors Can Affect Your Career

02:41

Podcast Episode 408 - MoneyForTheRestivest

02:07

Introduction

2min

Is Elon Musk the World's Wealthiest?

3min

The Magic of Beadwork

3min

How Randomness Can Affect Your Career

2min

How Random Factors Can Affect Your Career

3min

How to Survive a Recession

3min

Investing in Fine Art

2min

The Influence of Luck and Luck on Performance

3min

Investing in the Emerging Markets and Frontier Markets

3min

10.

Work Hard and Be Prepared for Unexpected Opportunities

2min

11.

Podcast Episode 408 - MoneyForTheRestivest

2min

How to survive in a world where luck and randomness play a pivotal role.

Topics covered include:

What are power laws
What are the narrative fallacy and hindsight bias
What are examples of domains where randomness has contributed to success
What are ways to distinguish investing skill from luck
How sixth-century philosopher Boethius had an accurate view of chance
What are ways we can benefit from good luck while protecting ourselves from bad luck

For more information on this episode click here.

Sponsors

Copper

Money For the Rest of Us Plus

Show Notes

Redacted messages to and from Elon Musk—Delaware’s Court of Chancery

Elon Musk’s Texts Shatter the Myth of the Tech Genius by Charlie Warzel—The Atlantic

Talent Versus Luck: The Role of Randomness In Success and Failure by Alessandro Pluchino, Alessio Emanuele Biondo, and Andrea Rapisarda

Susan Alexandra

Welcome to Susan Alexandra’s Dream World by Sophia Herring—Clever, Architectural Digest

The Fashion Set Can’t Get Enough of Susan Alexandra’s Colorful, Kitschy Designs by Noah Lehava—Coveteur

Quantifying the evolution of individual scientific impact by Roberta Sinatra et al.