Saturday, December 29, 2018

Wisdom Of The Week

The Hungarian immigrant directs the Center for Complex Network Research at Northeastern University and has an appointment at Harvard Medical School. Demonstrating his mastery of networking, he landed rave blurbs for the book from Black Swan author Nassim Nicholas Taleb and top scholars at Yale University, Massachusetts Institute of Technology, and elsewhere.

He concedes that it might seem brash to declare “universal laws of success” and not just, say, “guidelines” or “hints.” But he says that the five laws were the inescapable findings from analysis of massive data sets related to sports, business, the arts, academia, and innovation. “Outright resisting them is about as futile as trying to fly by flapping our arms up and down,” he writes.

Enough preamble, then. What are Barabasi’s five laws?

  • Performance drives success, but when performance is immeasurable, networks determine success.
  • Performance is bounded, but success is unbounded.
  • Fitness x Previous Success = Future Success.
  • While team success requires diversity and balance, a single individual will receive credit for the group’s achievements.
  • Success can come at any time as long as we are persistent.

- Review of the book The Formula: The Universal Laws of Success by Albert-Laszlo Barabasi

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