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Barbarasi on success Michel Pireu     | Business Day Friday, April 5, 2019
From Bloomberg.com, Barabasiís five universal laws of success:

1. Performance drives success, but when performance is immeasurable, networks determine success. Tennis, for example, is all about performance, having a good network wonít help you win matches. But networks matter a lot in fields where thereís 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 $110.5 million. 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 the likes of 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 whatís possible. Nevertheless, the rewards that go with being judged No. 1 instead of a mere No. 2 are enormous and disproportionate.

3. Fitness x Previous Success = Future Success. Fitness is roughly the same as quality. Itís a necessary condition for success, but itís not sufficient. To achieve success in the future, you need to have had success in the past. This is, of course, impossible if youíre just starting out. One solution is to manufacture the impression of previous success.

4. While team success requires diversity and balance, a single individual will receive credit for the groupís achievements. Nobel Prizes can have no more than three recipients, no matter how many people contributed to the work.

5. Success can come at any time for those who persist. Chemist John Fenn who was forced to take mandatory retirement from Yale but was taken in by Virginia Commonwealth University, whereópast age 70óhe developed a technique for measuring the masses of large molecules and proteins that garnered him a Nobel Prize.
 
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