June 7, 2012- You’re lucky and you owe a debt to the unlucky

The “Moneyball” story has practical implications. If you use better data, you can find better values; there are always market inefficiencies to exploit, and so on. But it has a broader and less practical message: don’t be deceived by life’s outcomes.  Life’s outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky. – Michael Lewis

Thanks to Greenbackd! for the link 🙂 Follow the guy and you’ll learn a lot.

 

* You are the lucky few, lucky to have parents, lucky to have met other lucky people, and in time you feel you deserve all that you have, but you will be better off if you stop pretending, in the service of all nations that, despite the fact that you may deserve some of it, there still is luck in the game.   You’re lucky and you owe a debt to the unlucky.  *

– Faceless Trader

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