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“Randomness and luck are related, but there is a useful distinction between the two. You can think of randomness as operating at the level of a system and luck operating at the level of the individual.”

Michael J. Mauboussin, The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing
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The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael J. Mauboussin
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