Luck and risk

Nothing is as good or as bad as it seems.

Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can;t believe in one without equally respecting the other.

If you give luck and risk their proposer respect, you realize that when judging people’s financial success-both your own and others’-it’s never as good or as bad as it seems.

“The customer is always right” and “customers don’t know what they want” are both accepted business wisdom.

Be careful who you praise and admire. Be careful who you look down upon and wish to avoid becoming.

Therefore, focus less on specific individuals and case studies and more on broad patterns.