Lucky vs. Repeatable

How to Be Lucky¶

You make your own luck. There's a great experiment that I can't cite, but it has stuck in my mind since I was a child. They identified people as lucky and unlucky, and asked them to count the number of photographs in a newspaper. The unlucky people took a long time to count the photographs, while the lucky people took a very short ... See more

• https://www.swyx.io/create-luck/Think... See more

On Luck

"'Give yourself a lot of shots to get lucky' is even better advice than it appears on the surface. Luck isn’t an independent variable but increases super-linearly with more surface area—you meet more people, make more connections between new ideas, learn patterns, etc."

-- Sam Altman

Absolute success is luck. Relative success is choices and habits.

The same idea applies to investing. The continuous goal, in my case, is a portfolio that has distinct advantages versus the market along dimensions like value, momentum, capital allocation, etc. There are no price targets, no return targets, no staking my results on a given outcome for a given company. A goalless process like this is incredibly ha

... See more