3min snip

ACQ2 by Acquired cover image

Morgan Housel

ACQ2 by Acquired

NOTE

Value of Recognizing Repeatable Success Factors

It is crucial to discern the factors contributing to success that are outside of one's control and not repeatable. Rather than focusing on these unrepeatable elements, it is advisable to concentrate on those aspects that can be replicated. Learning valuable lessons from role models or introspection should be centered on identifying actions or traits that are repeatable for personal growth and success. This includes traits like patience, endurance, and risk controls, which are qualities that can be emulated. The tendency to attribute success solely to personal abilities without acknowledging external circumstances may lead to faulty assumptions and hinder future achievements.

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