A lot of people seem to think of success as the sum of a bunch of independent variables: positioning + insight + hard work + talent + luck - scruples ... Then, they argue about the relative magnitude of each term.
It's obviously more complex than this, but I think it's more useful to think of it as a product. You don't need a high value in any of them to succeed, but a tiny value in even one means you need an astronomical value somewhere else.
It's obviously more complex than this, but I think it's more useful to think of it as a product. You don't need a high value in any of them to succeed, but a tiny value in even one means you need an astronomical value somewhere else.