A Quote by John Barrow
One lapse of judgment can cost and talent isn't everything. A huge slice of good fortune in needed to make it to the top, and without that element of luck, you've no chance.
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I learned early that business is business and politics is politics. The proof is how few important businessmen have made good politicians. They may think that they are very smart about everything because they made millions of dollars by digging a hole in the ground and finding oil, but the talent and luck needed to become rich are not the same talent and luck needed to succeed on Parliament Hill.
Everyone has a talent. It's simply a question of good discipline, of the good fortune to have an education that meshes with that talent, and a lot of luck.
We would have more if the talent was there to be had. Last year, the cost of a top, world-class deep learning expert was about the same as a top NFL quarterback prospect. The cost of that talent is pretty remarkable.
Only the element of chance is needed to make war a gamble, and that element is never absent.
No matter what your laundry list of requirements in choosing a mate, there has to be an element of good luck and good fortune and good timing.
The problem that people don't understand is that active managers, almost by definition, have to be poorly diversified. Otherwise, they're not really active. They have to make bets. What that means is there's a huge dispersion of outcomes that are totally consistent with just chance. There's no skill involved it. It's just good luck or bad luck.
Luck, if it mean nothing more than an event of which the cause is not apparent, is a term that may be employed without error; but if it means, as it generally does, an event which has no cause at all, a mere chance, it is a bad word, a heathen term; drop it from your vocabulary; trust nothing to luck, nor expect anything from it; avoid all practical use or dependence upon this or its kindred words, fate, chance, fortune.
The real issue is not talent as an independent element, but talent in relationship to will, desire, and persistence. Talent without these things vanishes and even modest talent with those characteristics grows.
One of the bigger mistakes of our time, I suppose, was preaching the demonization of all judgment without teaching how to judge righteously. We now live in an age where, apart from the inability to bear even good judgment when it so passes by, still everyone, inevitably, has a viral opinion (judgment) about everything and everyone, but little skill in good judgment as its verification or harness.
People tend to believe that good fortune consists of equal parts talent, hard work, and sheer luck. It's hard to deny the roles of the latter two. As to talent, I would only say it consists primarily in finding the right moment to step in.
People talk about overnight successes, and ultimately, there's a certain amount of, you want to call it luck or fortune or good fortune, or whatever, but when your moment arrives, you have to have been at a point where you paid your dues, or done your 10,000 hours or have the requisite talent or whatever.
Hard work and talent are crucial to success, and intangible qualities like heart and clutch are generally real - but luck is just as important. Nobody gets to the top by accident, but nobody’s on top without some pretty phenomenal accidents of fate.
During my early acting years, I was told that to succeed, you needed personality, talent, and luck in equal measure. I contest that. For me, it's been 99% luck.
I don't really know what I want, other than good sequences, whatever that means. What I find is always a matter of chance, judgment, and luck.
Most people with a big idea, great talent and/or something to say don't get lucky at first. Or second. Or even third. It's so easy to conclude that if you're not lucky, you're not good. So persistence becomes an essential element of good, because without persistence, you never get a chance to get lucky.
Lucky people generate their own good fortune via four basic principles.
They are skilled at creating their own chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.
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