"Every time you start, you keep falling and failing till one day accidentally you don't fall. That is when you get balance" - this is from an old post on Thirteen titled "Learning Bicycle". In this story, I write how a friend of mine and I started to learn bicycle on the same day, putting the same efforts and yet he got balance before me. Why did my friend get balance earlier than me? We both did take risks, but he got lucky.
Replicating the risky actions taken by someone else can lead to bigger risks with no returns. It would be as silly as dropping school to start a business just because Steve Jobs did so.
As Morgan Housel writes in his book, "The Psychology of Money", he says "Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort... they both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes”. Many times we read autobiographies of great leaders and successful entrepreneurs focusing too much on the specificities. If doing so and so has worked for a person in a given situation, it may work for us also is our idea of that research. But, those can be just accidental impacts of actions which are beyond one's control. It would be difficult for those same leaders to replicate the same results one more time. Their risk paid then, not necessarily it will pay one more time. Thus, rather than studying particular individuals and specific cases, it is important to understand broad patterns. Replicating the risky actions taken by someone else can lead to bigger risks with no returns. It would be as silly as dropping school to start a business just because Steve Jobs did so. Risk and luck are two sides of the same coin. That said, not taking the risk of tossing the coin in the air is a bigger risk in the game of life.
Risk and luck are two sides of the same coin. That said, not taking the risk of tossing the coin in the air is a bigger risk in the game of life.
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