Amount Quote by Michael Lewis
“Don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them.”
About This Quote
Source Book: The Big Short, Michael Lewis, 2010
Life outcomes are heavily influenced by luck, even if not wholly random.
In simple terms: Luck shapes results.
Key Takeaway
Recognize role of chance.
Themes
probability
luck
outcome
Mood
thoughtful
pragmatic
Type
financial
motivational
When to use this quote
- career planning
- investment decisions
- personal goals
- risk assessment
Key Concepts
randomness
statistics
Questions to Reflect On
- How do you account for luck in your plans?
- Can you separate skill from chance?
A Different Perspective
Overemphasis on luck may diminish personal agency.
![“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.” quote by Michael Lewis](https://sms4smile.com/quotes/img-quotes/a59/michael-lewis-705_decision-making_crucial-decisions-are-made-today-as-thou_16888.jpg)
