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this belief pays little if any rent.



It pays plenty of rent. It tells us to expect all the usual randomness results about Wall Street, traders, hedge fund managers, etc. It tells us to expect something that looks like a random distribution like a Poisson in most terms of business success. It tells us to expect plenty of leaders to flame out simply because they got where they were through random rolls of the dice and for once their dice came up snake eyes.


I'm sorry but quantifying the role chance plays in some given process DOES pay rent, the general belief "X is like Y because of luck" isn't useful.


I beg to differ, but I'm sorry if you haven't had the same luck.




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