How much of success is due to luck?

I posted an earlier version of this on July 19, 2013
prosperity.formula

I think the vast majority of highly successful people have talent and grit.  But not everybody with talent and grit succeeds.

Louis Pasteur once said, “Chance favors the prepared mind.”  Somebody else said, “The harder I work, the luckier I get.”  Both sayings are true.  Both sayings also recognize the element of chance.

We Americans admire successful risk-takers and think they should be rewarded.  The reason we do that is that, by definition, most risk-takers fail.

LINK

Why Americans Ignore How Luck Affects Everything by Jesse Singal for Science of Everything.

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