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The Art of Manliness

#226: The Success Equation

The Art of Manliness

The Art of Manliness

Society & Culture, Education, Philosophy

4.714.8K Ratings

🗓️ 17 August 2016

⏱️ 34 minutes

🧾️ Download transcript

Summary

When it comes to the factors that lead to success, there’s a tendency in folks to discount the role of luck. We like to think we’re the complete masters of our fortune -- that we can control everything that happens to us and make our own luck. But by not giving luck its due, we actually prevent ourselves from effectively managing this force so we can experience success in the long run.
My guest today has written a book on the math of success, skill, and luck. His name is Michael Mauboussin and he’s the author of "The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing."

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Transcript

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0:00.0

Bramica here and welcome to another edition of the Art of Manliness Podcast.

0:19.1

So when it comes to the factors that lead to success, there's a tendency in folks to

0:22.6

discount the role of luck.

0:24.4

We like to think we're the complete masters of fortune that we can control everything

0:28.1

that happens to us and make our own luck.

0:30.6

But by not giving luck it's due, we actually prevent ourselves from effectively managing

0:34.4

this force so we can experience success in the long run.

0:37.6

My guest today is written a book on the math of success, skill and luck.

0:40.8

His name is Michael Mobison, and he's the author of the book, The Success Equation,

0:44.2

Untangling Skill and Luck in Business, Sports and Investing.

0:46.9

Today on the show, Michael and I discuss the philosophy and math of luck, which activities

0:51.3

in life rely more on luck than skill to be successful, and what you can do to manage

0:54.9

luck like a poker player in order to be more successful in life.

0:58.5

Lots of great practical takeaways in this episode.

1:00.6

You won't want to miss it.

1:01.6

After you listen to the show, check out the show notes at aum.is slash luck for resources

1:06.6

where you can explore more about this topic.

1:11.9

Alright, well Michael Mobison, welcome to the show.

1:17.1

Thanks, Brad for being with you.

1:18.9

So your book is The Success Equation.

1:21.6

This is a fascinating book because it takes a look at the role of skill and luck in

1:26.4

success or failure across a wide variety of domains from business investing to sports.

...

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