Day 472 - The luck-skill continuum - https://golifelog.com/posts/the-luck-skill-continuum-1650156734004
Interesting new framework I learned today: the luck-skill continuum. Sahil Bloom was talking about non-obvious traits of winner, in particular, how they can tell what’s luck and what’s skill:
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Common Trait: Differentiate Luck & Skill
Humans are storytelling creatures.
But our stories are flawed. We are notoriously bad at differentiating between skill and luck.
Stories of success tend to downplay the role of luck; stories of failure tend to overplay the role of luck.
Average performers think like this:
• Good outcome? I’m a genius.
• Bad outcome? I’m unlucky.
Top performers have an understanding of @mjmauboussin’s luck-skill continuum.
They identify where an activity or outcome exists on it and adjust future actions accordingly.
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That luck-skill diagram definitely got my wheels turning. It got me thinking:
Where does entrepreneurship/indie hacking lie on the continuum?
---
Common Trait: Differentiate Luck & Skill
Humans are storytelling creatures.
But our stories are flawed. We are notoriously bad at differentiating between skill and luck.
Stories of success tend to downplay the role of luck; stories of failure tend to overplay the role of luck.
Average performers think like this:
• Good outcome? I’m a genius.
• Bad outcome? I’m unlucky.
Top performers have an understanding of @mjmauboussin’s luck-skill continuum.
They identify where an activity or outcome exists on it and adjust future actions accordingly.
---
That luck-skill diagram definitely got my wheels turning. It got me thinking:
Where does entrepreneurship/indie hacking lie on the continuum?
