Success Not Just a Matter of Talent
NinjaCoder writes "The Guardian has an interesting article based on a new book (Outliers: The Story Of Success, by Malcolm Gladwell) which examines some persons of interest to computer technology (Bill Joy, Bill Gates and Steve Jobs, amongst others). It examines reasons for their successes and strongly suggests a link between practice (10,000 hours by age 20 being the magic milestone) and luck. This maybe an obvious truism, but the article does give interesting anecdotes on how their personal circumstances led to today's technological landscape. It points out that many of the luminaries of the current tech industry were born around 1955, and thus able to take advantage of the emerging technologies.
I heard his next book is going to be an analysis of the power of hand-washing to prevent disease!
Success is being in the right place at the right time. That's 50% of it. The remaining 50% are 30% hard work and 20% talent. The point being, unless you're in the right place at the right time and you see the opportunity, your hard work and talent are unlikely to pay off.
Too bad there isn't any market demand for guys who masturbate :-(
Apparently there is - just look at Gladwell!
Those who can make you believe absurdities can make you commit atrocities. - Voltaire
"Success is being in the right place at the right time. That's 50% of it. The remaining 50% are 30% hard work and 20% talent. The point being, unless you're in the right place at the right time and you see the opportunity, your hard work and talent are unlikely to pay off."
This is the excuse I have heard from un-successful people that don't want to put the time and effort that it takes to actually be successful.
We have potential opportunities that pass by us every day. Without the proper knowledge or experience, these opportunities will just continue to pass by.
I would say it's more along the lines of 10% finding the opportunity (right place, right time) and 90% knowing what do do when you get it (talent and experience)
It doesn't hurt to have very well-to-do parents.
This is the excuse I heard from unsuccessful people who think they can be successful just by putting in the time and effort.
Truth is, if you're doing something on your own, being timing is crucial. eBay was in the right place at the right time. They weren't particularly talented and now you can't do another eBay. Same with PayPal. Same with Google. Same with Yahoo. Same with just about any truly successful company out there. Perhaps the most vivid example of this is early Microsoft. Their success was built on the software they didn't even write.
No matter how much time and effort you put in today, you will not replicate the success of those companies in their respective niches. Solely because you're not in the right place at the right time.
Some people are born on third base and go through life thinking they hit a triple. -Barry Switzer
And we all know that the guys who make multi-million dollar bonuses on Wall Street earn every cent of that money by working far harder then the rest of us. They work much longer hours than those lazy people on the poverty line with two or three jobs. And its very responsible work. And they're very responsible people. And you have to pay a premium for that responsibility. otherwise, I dunno, you might end up with a bunch of hacks crashing the market. Which would never, ever happen with our guys.
Eric Baird
So unlike most of the other people writing code at the time, BG understood Big Business. Monopoly power. Cross-market leverage. Inertial market share. And after IBM stupidly gave Bill a profitable toehold in their loss-making PC business, BG successfully leveraged his company to the top, using every textbook business trick going (many of them borrowed from IBM).
One of BG's smartest moves was to stay the hell out of computer manufacturing, and to instead focus on making sure that all the myriad PC manufacturers, who were desperately cutting each others' throats on price, were paying to pre-install his software on their machines. Apple were control freaks and hated the idea of anyone else making money out of their product, Bill recognised that partitioning the market into hardware and software meant that he could take an absurd margin on the software and leave some other mug to worry about actually building, stocking, warehousing and sell the hardware.
Microsoft have done a few good things, but Bill's aim was always for MS to become the new IBM, a company powerful enough to make its success self-perpetuating through sheer market presence.
The tragedy is that he succeeded. Microsoft are now roughly where IBM were in the early eighties, a company with lacklustre products that runs on business inertia, with no real idea of what they ought to be doing next. They hire a lot of talent, but it's not obvious what they do with it all.
Eric Baird