Nothing In Life Is Quite As Important

We Are Very Influenced By Completely Automatic Things That We Have No Control Over, And We Don't Know We're Doing It.

Ten Minutes Of A Smartphone In Front Of Your Nose Is About The Equivalent Of An Hour Long Walk In Bright Daylight. Imagine Going For An Hour Long Walk In Bright Daylight And Then Thinking, "now I'll Get Some Sleep." It Ain't Going To Happen.

That's One Of The Real Dangers Of Leader Selection In Many Organizations: Leaders Are Selected For Overconfidence.

Knowing The Importance Of Luck, You Should Be Particularly Suspicious When Highly Consistent Patterns Emerge From The Comparison Of Successful And Less Successful Firms. In The Presence Of Randomness, Regular Patterns Can Only Be Mirages.

If People Do Not Know What Is Going To Make Them Better Off Or Give Them Pleasure, Then The Idea That You Can Trust People To Do What Will Give Them Pleasure Becomes Questionable.