The Success Equation

The Success Equation is a way to understand how success depends on both skill and luck. It explains that outcomes result from a mix of your ability (skill) and chance factors (luck). Sometimes, even highly skilled people may not succeed due to luck, and less skilled individuals might succeed by chance. Recognizing this helps us evaluate performances more accurately, understanding when success is due to talent and when it’s influenced by luck. The equation emphasizes that both elements play roles, and their relative influence varies depending on the situation.