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Smart Risks = “Luck”

Fast Company:

Some people have all the luck. Or do they? Eileen C. Shapiro and Howard H. Stevenson, authors of Make Your Own Luck: 12 Practical Steps to Taking Smarter Risks in Business, think something else is going on. “Humans crave predictability,” says Stevenson, a professor of entrepreneurial studies at Harvard Business School. “But in reality, every decision is a bet. The question is, how can you make better bets?” Luck, after all, is just a matter of odds, and improving yours comes down to “predictive intelligence” — the ability to act in the face of uncertainty. Here’s how to look like one lucky SOB.

  1. Check your rearview mirror.
  2. Make your bets serve your goals.
  3. Spread your bets.
  4. Relieve your “I” strain.
  5. Know when to place a new bet.

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Comments

  • [...] Both Dane Carlson and Tim Grahl link to this Fast Company article about taking risks: Some people have all the luck. Or do they? Eileen C. Shapiro and Howard H. Stevenson, authors of Make Your Own Luck : 12 Practical Steps to Taking Smarter Risks in Business, think something else is going on. “Humans crave predictability,” says Stevenson, a professor of entrepreneurial studies at Harvard Business School. “But in reality, every decision is a bet. The question is, how can you make better bets?” Luck, after all, is just a matter of odds, and improving yours comes down to “predictive intelligence” — the ability to act in the face of uncertainty. Here’s how to look like one lucky SOB. [...]

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