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The Success Equation

Untangling Skill and Luck in Business, Sports, and Investing

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The Success Equation

By: Michael J. Mauboussin
Narrated by: Wes Talbot
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About this listen

"Much of what we experience in life results from a combination of skill and luck." (From the Introduction)

The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each - and how we can learn to tell the difference ahead of time. In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives - yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions.

In this provocative audiobook, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions.

The Success Equation helps us move toward this goal by:

  • Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant
  • Helping us develop the analytical tools necessary to understand skill and luck
  • Offering concrete suggestions about how to take these findings and put them to work

Showcasing Mauboussin's trademark wit, insight, and analytical genius, The Success Equation is a must for anyone seeking to make better decisions - in business and in life.

©2012 Michael J. Mauboussin (P)2013 Gildan Media LLC
Decision-Making & Problem Solving Business Career
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great insight into a under researched arena

really enjoyed this book. would be better with graphs in hardcopy though if i was to go again.

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Immensely Relevant…..

Professionally, this book is a superb resource. I have recommended it to many of my likeminded friends in my industry.

I do believe that audio lacked some of the benefit the book would have had in terms of some visualisations to make digesting some points easier, but in the main it was easy to follow. I think some of the ‘equations’ suffered from the same restrictions, and perhaps it is up to me to purchase the book.

Either way, I think if you can take away key messages from this book, you can learn not to be mistaken in a lot of ways people are in the field of sport, but also in statistics and probability too. Thoroughly enjoyable, but I will try and purchase the book for the above reasons.

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Insightful and Useful

I am an avid and pleased reader of Michael Maboussin's phenomenal work. World Class Content and insights and a must read.

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Audio book wrong format

Audio book is not the best format at all for this book. Would recommend getting the paperback or kindle version

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