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Ironies of Luck · Collaborative Fund
This is the irony of investing: Risk and luck are different sides of the same coin, but we treat one as critically important, and the other like it doesn’t exist – at least for you, when you succeed. This is partly about ego, but even more about the desire to identify patterns of what works, relishing the thought of repeating those actions to win again in the future. We love narratives that explain things, and the most comfortable narrative is, “I’m good at this and will continue to be good at it.”
luck  risk  work_ethic  investing 
yesterday by perich
Why Japan is So Obsessed With Kit Kat
As it turned out, a huge part of Kit Kat’s success story in Japan is due to one fortunate coincidence: Kit Kat sounds similar to the Japanese phrase kitto katsu, which means: “you will surely win”.

Being a common phrase said to students sitting exams, it was an instant ideal marketing opportunity which the company immediately tapped soon after they noticed parents were giving Kit Kats to their children, and friends to each other to express support, usually with hand-written messages. The practice eventually extended beyond exams.

Banking on the instant catchphrase’s success, Nestlé even collaborated with Japan Post to launch the postable Kit Kat. The campaign was a massive hit, resulting in an annual tradition that had people sending Kit Kats to almost half of the country’s 600,000 annual exam-taking students for good luck.

It was just the start of numerous other innovations that would result in the Japanese Kit Kat being a totally unique brand that the rest of the world recognizes.
japan  kitkat  chocolate  exams  luck  food 
16 days ago by sspela
The CryptoCandle
Burn it down because the market's on fire
bitcoin  chance  luck  candles  consumer  want  shopping 
9 weeks ago by orlin
BREAKING: Author and journalist Maria Konnikova becomes PokerStars Ambassador
On what she credits with her success so far
"I think it's a combination of factors. First, I've completely immersed myself in poker. When I'm not playing, I'm studying--8, 9 hours a day. It's an incredibly intense regime, but one that I determined was necessary if I had any shot of ramping up and improving in a short period of time. So, hard work is definitely a huge part of it.

"That, and the fact that I do have a different background from most players, in psychology and writing; I've tried to leverage that to poker to gain an edge at the table in situations where I don't necessarily have the same level of experience as everyone else.
luck  poker  research 
12 weeks ago by craniac

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