All these companies were a lot smarter than us. What we had was luck (1984)
atariarchives.org
atariarchives.org
I absolutely adored that game as a child.
As an aside, this article was wonderful and if you haven't already done so, you should read it right now. (I especially liked the why you should get a computer argument at the end).
> Atari was unable to use Wozniak's design. By designing the board with as few chips as possible, he made the design difficult to manufacture; it was too compact and complicated to be feasible with Atari's manufacturing methods. However, Wozniak claims Atari could not understand the design, and speculates "maybe some engineer there was trying to make some kind of modification to it." Atari ended up designing their own version for production, which contained about 100 TTL chips. Wozniak found the gameplay to be the same as his original creation, and could not find any differences.
Source: https://en.wikipedia.org/wiki/Breakout_(video_game)#History_...
Well - kind of. At least a little.
When you ask how someone became a manager (especially if they are bad), a lot of it was luck. I'm not discounting that the worked hard to earn it, but a lot of people work hard but are unlucky. I count myself in the unlucky pile.
In a controlled setup though, like backgammon or poker, luck is definitely overrated. Just try to play a single game of backgammon with a professional player, and see if you stand a chance. You can play 100 games, and without fail you would lose all of them.
So, how can a professional player of a game of chance consistently win? By maximizing the win when they get a lucky roll, and minimizing the loss when they get an unlucky one. In the long run the number of lucky rolls is roughly equal with the number of unlucky rolls, but they will manage to get a positive expected value.
Maybe real life is similar to a game of chance. Maybe not? I don't know for sure. But my hunch is this: both Mark Zuckerberg and I were faced with a long string of random events in our life. Many, many, many. After each such event, we both had a number of ways to respond. Somehow Zuckerberg got richer pretty much every day of his adult life, and he now sits at #3 at the top of the world. I, on the other hand, made whatever choices I made and sit currently at #1e9 or #2e9 (not sure). I can think that Zuckerberg has been dealt a luckier hand in life, or I can think he was much better at playing what he was dealt than me. Nobody will ever know for sure. But my personal belief is that he was a more skillful player than me.
Looking at the most successful people in any situation is not a good way to get a sense of the underlying probabilities involved. If you let 1000 people flip coins 1000 times and count the number of heads, you'll see an extraordinarily high number of heads among the most successful people.
The mere fact that there are really few people as rich as Zuckerberg indicates a big luck / network effect factor in my opinion. Zuckerberg is probably more skilled than the average person, but there are many more people like him in terms of skills (I believe), and the vast majority of them didn't get anywhere near as rich. Zuckerberg also didn't accumulate his wealth by lots of small repeated increments: he won big by Facebook becoming successful (and there was no guarantee of that, despite Zuckerberg's skills). Without that big win, I doubt that Zuckerberg would have ended up anywhere near #3.
Not really. If you do this experiment you are virtually assured that all the people will get between 400 and 600 heads. Not a single one will get 601 heads. Not a single one will get only 399 heads.
Zuckerberg is not one or two or ten standard deviations away from me. He's thousands of standard deviations away from me. Luck alone cannot explain his success.
Edit: For fun, here's a code snippet that shows the range of the number of heads that 1000 people get when flipping a coin 1000 times. I ran the experiment 10 times.
import numpy as np
for seed in range(10):
flips = np.random.RandomState(seed).binomial([1000]*1000,p=0.5)
print(min(flips),max(flips))
This is what you get: 442 556
455 546
453 550
452 551
446 557
444 552
435 549
446 564
454 562
452 548
You need to run this experiment many millions of times before you see a minimum less than 400 or a maximum higher than 600. As you can see most often the range is much tighter.That's one of the biggest business mistakes ever.So that's a huge amount of luck.
So I'm not sure Microsoft is so unique with regards to "return on luck".
"In 1980, she discussed her son's company with John Opel, a fellow committee member, and the chairman of International Business Machines Corporation (IBM). Opel, by some accounts, mentioned Mrs. Gates to other IBM executives. A few weeks later, IBM took a chance by hiring Microsoft, then a small software firm, to develop an operating system for its first personal computer."
Lots of companies contracted with IBM without IBM signing off their whole business to them.
Bill Gates clearly was very fortunate in his life, but it’s a mistake to chalk the IBM blunder up to 100% luck.
Too bad it's gone full circle. The cloud is the new mainframe.