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Luck Business

Understanding the Role of Luck in Our Lives

Michael J. Mauboussin | Posted 04.02.2013 | Business
Michael J. Mauboussin

Whether you're placing bets on a hot player in your rotisserie baseball league or a hot fund in your investment portfolio, recognize that good luck is unlikely to persist.

Where's the Free Lunch?

Annie Duke | Posted 06.03.2012 | Business
Annie Duke

Watching other people fail and, more important, watching other people succeed and learning from those success and failure is almost always free. But if you dismiss a success as just luck then you are rejecting the free gift that comes with purchase.