Michel Pireu Columnist

Barabasi’s five universal laws of success, from Bloomberg.com: 1. Performance drives success, but when performance is immeasurable, networks determine success. Tennis, for example, is all about performance, having a good network won’t help you win matches. But networks matter where there’s no agreed-upon standard of excellence. Take art. A large, untitled painting of a skull, made with spray paint and oil stick, recently sold for $110.5m. That had a lot to do with the name behind it: Jean-Michel Basquiat, who before his death gained entree into the art world through Andy Warhol and Keith Haring. 2. Performance is bounded, but success is unbounded. At the top of any field, there is little to no meaningful divergence in quality. All the top performers are pressing up against the limit of what’s possible. Nevertheless, the rewards that go with being judged No1 instead of a mere No2 are enormous and disproportionate. 3. Fitness x Previous Success = Future Success. Fitness is roughly the...

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