"People really don't like to hear success explained away as luck — especially successful people. As they age, and succeed, people feel their success was somehow inevitable. They don't want to acknowledge the role played by accident in their lives. There is a reason for this: the world does not want to acknowledge it either. If you use better data, you can find better values; there are always market inefficiencies to exploit, and so on. But it has a broader and less practical message: don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation."

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Source: MICHAEL LEWIS: Successful People Like Me Were Actually Just Really Lucky by Julia La Roche, www.businessinsider.com. June 05, 2012.

About the author

Michael Lewis

Author, Journalist

Michael Lewis is a renowned author and journalist known for his impactful books like 'The Big Short' and 'Moneyball,' which explore complex systems and human behavior.

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