Introduction: Sorting the sources of success -- Skill, luck, and three easy lessons -- Why we're so bad at distinguishing skill from luck -- The luck-skill continuum -- Placing activities on the luck-skill continuum -- The arc of skill -- The many shapes of luck -- What makes for a useful statistic? -- Building skill -- Dealing with luck -- Reversion to the mean -- The art of good guesswork -- Appendix : Two methods for calculating the amount of reversion to the mean.
Summary
In this provocative book, Michael Mauboussin offers the structure needed to analyze the relative importance of skill and luck, offering concrete suggestions for making these insights work to your advantage by making better decisions.
