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Absolute Success is Luck. Relative Success is Hard Work.

https://jamesclear.com/luck-vs-hard-work

jamesclear.com

Absolute Success is Luck. Relative Success is Hard Work.
In 1997, Warren Buffett, the famous investor and multi-billionaire, proposed a thought experiment. "Imagine that it is 24 hours before you are going to be born," he said, "and a genie comes to you." 1 "The genie says you can determine the rules of the society you are about to enter and you can design anything you want.

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Hard Work Vs Good Fortune

Hard Work Vs Good Fortune

Luck is often a combination of the right connections, the right timing, and many other influences that cannot be predicted. Hard work typically gets better results than you would with less effort.

Luck matters more in an absolute sense and hard work matters more in a relative sense. Absolute success is luck. Relative success is choices and habits.

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Absolute Success vs. Relative Success

The absolute view is more global. What explains the difference between a wealthy person born in America and someone born into extreme poverty?

The relative view is more local. What explains the difference in results between you and everyone who went to the same school or grew up in the same neighborhood?

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The Balance Between Luck And Hard Work

You can only control the slope of your success, not your initial position.

Regardless of where you start, your habits are putting you in a path to success. Your good luck requires hard work if you want to sustain your success.

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How to Get Luck on Your Side

You can increase your good luck by taking action.

The person that works hard, pursues opportunities and tries more things is more likely to stumble across a lucky chance than the person who waits with the hope that an opportunity will come to him.

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Working Hard

"Work Hard" is one of the oldest pieces of advice for success. According to the author Malcolm Gladwell, it takes 10,000 hours of deliberate practice to attain mastery.

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40 Hours A Week

Truly working 40 hours in a week is rare because just completing your work hours doesn't amount to real work. 40 hours of great work output can come from 60 or more hours of 'regular' work.

Work can also take many different forms, and is not confined to the working that is 'visible'.

Work Becomes Play

Discover something you love to do, that you’re good at doing, and that you can get compensated for.

When work becomes play, it doesn't stress us out and doesn't seem to exhaust us. Work that is fun for us, becomes great work. Joyful, meaningful work is one of the keys to being successful.

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“The one easy way to become worth 50 percent more than you are now — at least — is to hone your communication skills — both written and verbal” - Warren Buffett.

 “....Of course, it is no use being a good storyteller if your product or idea is rubbish. But it is not enough to create a great product; you also have to work out how to let people know a...

 “....Of course, it is no use being a good storyteller if your product or idea is rubbish. But it is not enough to create a great product; you also have to work out how to let people know about it.”  - Richard Branson

Preventing Reactions

  • Am I reacting? Simply asking yourself that question can ground you and give you a quick mental break to perhaps choose differently.
  • You react when you think you don’...

How To Respond Rather Than React

  • When you think about how this specific situation fits into your overall goals and objectives it will be easier to respond.
  • The best decisions are informed by a proper balance of facts and emotions.
  • Mentally move into the future and look back to determine your best response to the current situation.

Acting In Emergency Situations

While responding seems like the prudent choice, in a crisis or emergency situation it may seem that you would logically need to react or operate in a split-second decision mode.

The reality is the best crisis managers are trained and practice a variety of scenarios precisely so they can respond rather than react. The difference is in preparation and thought.