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Success and Luck

Good Fortune and the Myth of Meritocracy
in: Economics
Summary:

The book challenges the notion that success is solely a result of individual effort and merit, arguing that luck plays a significant role in achieving prosperity. It delves into the psychological and economic implications of this perspective, advocating for a greater appreciation of the role of chance in success and for public policies that reflect this understanding.

Key points:

1. Luck's Role in Success: Frank believes luck is often a key factor in success, more than many successful people admit. This includes benefits like a supportive family, timely opportunities, or chance meetings.

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