The Success Equation: Untangling Skill And Luck... -

Most of life's competitive arenas—business, investing, and team sports like hockey or football—sit somewhere in the middle. The "Losing on Purpose" Test

Rather than seeing success as binary (either talent or chance), Mauboussin places activities on a spectrum: The Success Equation: Untangling Skill and Luck...

Activities where individual effort has no impact on the outcome. Examples include lotteries and roulette. Most of life's competitive arenas—business

Activities where the best performer almost always wins. Examples include running races, swimming, and chess. The Success Equation: Untangling Skill and Luck...