Tuesday, November 29, 2011

"The Luck Factor"

This article was about a man named Barnett Helzberg Jr, he was a lucky man. He owned a highly successful jewelry store chain, that had an annual revenue of around $300million. He recently just turned sixty years old and was looking to sell his business. One day he was walking down the street and heard a lady yell "Mr. Buffet," someone who also was very successful. Helzberg went up and had a conversation with him, one year later Buffett bought Helzberg's business.
Helzberg's story illustrates the effect of luck in business, but good fortune also plays a vital role in all aspects of our lives. Luck and good fortune occur beyond a person's control, without regard to someone's will, intention, or desire. Luck is supernatural and deterministic concept that is a force which prescribes that events occur. There are cultural views of luck that vary from perceiving luck as a matter of random chance to attributing to luck explanations of faith or superstition.
I found this article to be very interesting.