How to Achieve Success

06 June 2013 · 9 comments

In my spare time — what little there is of it — I’ve been continuing my research into the nature of fear and how that relates to success and achievement. Why does fear hold some people back yet serve as a motivator for others? As part of this, I’ve been re-reading all of Malcolm Gladwell. It’s entertaining and instructive.

How to Achieve Success

OutliersIn Outliers, for instance, Gladwell explores the factors allow some people to achieve runaway success. How did Bill Gates become Bill Gates? How did The Beatles become The Beatles? And why do some people who seem to have innate talent never reach their full potential?

Gladwell’s hypothesis is that there are two factors necessary for success: environment and effort.

Success cannot be achieved without great personal effort. Gladwell popularized the notion (though he did not invent it) that to truly become proficient at something, to master it, you need to spend roughly 10,000 hours acquiring that skill. Bill Gates, for instance, spent about 10,000 hours learning to program. The best violinists spend about 10,000 hours practicing their instrument. And so on.

It’s nearly impossible to become successful without putting in a lot of work.

But effort alone isn’t enough. Gladwell argues that Outliers — his term for folks who achieve astounding success — come from environments that encourage and foster their talents and abilities. It’s not enough that Bill Gates was interested in computers. He had to be born into a community that gave him a chance to spend 10,000 hours programming, an environment that provided tons of opportunities to put his skills to work.

Success is the Sum of Environment Plus Effort

Warren Buffett, perhaps the world’s greatest investor, has spoken many times about what he calls “the ovarian lottery”. “You’re going to get one ball out of there, and that is the most important thing that’s ever going to happen in your life,” he once told a group of students at the University of Florida.

In his philanthropic pledge [PDF], Buffett writes:

My wealth has come from a combination of living in America, some lucky genes, and compound interest. Both my children and I won what I call the ovarian lottery. (For starters, the odds against my 1930 birth taking place in the U.S. were at least 30 to 1. My being male and white also removed huge obstacles that a majority of Americans then faced.)

My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well. I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate’s distribution of long straws is wildly capricious.

There’s no question that Buffett worked damn hard to develop his business acumen. But he’s the first to admit that he was lucky to have been born in a time and a place that rewarded his passion.

I feel the same way about my own success. Yes, I’ve worked hard. I’ve spent far more than 10,000 hours blogging about life and money. But I’ve also been lucky, and in any number of ways. How strange is it that I came along at just the right time with just the right skills? I was a computer-geek psychology major who loved to write and was deep in debt. From these four factors, I was able to build Get Rich Slowly into something far more than I expected.

Again, success is the sum of environment plus effort.

Helping Others Succeed

It’s oft been said that “success is what happens when opportunity meets preparation”. That’s essentially the entire lesson of Gladwell’s Outliers. At the end of the book, he writes:

Everything we have learned in Outliers says that success follows a predictable course. It is not the brightest who succeed…Nor is success simply the sum of the decisions and efforts we make on our own behalf. It is, rather, a gift. Outliers are those who have been given opportunities — and who have had the strength and presence of mind to seize them.

This, too, is the core lesson of Luck is No Accident, a great book about making the most of unplanned events.

The moral, my friends, is to work hard and to keep an open mind so that you can take advantage of unexpected opportunities. But there’s another moral, and I think it’s just as important: Whenever possible, open doors for other people. The more chances we give others to succeed, the more likely they are to actually achieve success. Keep dropping keys all night long for the beautiful rowdy prisoners.

Keep Dropping Keys All Night Long

1 Troy June 6, 2013 at 12:43

Does this affect your feelings on taxes, and if so, do you evaluate the value “added” against the cost? As an example, if you sold GRS while living in Portland, would Oregon’s contribution have justified the state’s 10% take?

2 Stephen at SE June 6, 2013 at 13:11

It is interesting to bring up the idea that success is an intriguing combination of luck, hard work and timing. I’ve enjoyed reading a lot of Gladwell’s stuff and I’m sure I too could use a reread. I’ll be curious to know from other if they think it takes equally as long time to be an expert on a second subject as the first. For example: if you have become and expert at computer programming or writing about finances, does that translate when you want decided to become an ‘expert’ on another topic (ie. Bill Gates/Education, Philanthropy). Simple, does the act of success in one area aid in the success in other areas?

3 Lisa June 6, 2013 at 14:59

There is an old saying: “Nothing succeeds like success.” People who are successful tend to go on to have more successes. The confidence, life experience, and positive reinforcement gained in trying and succeeding in one area certainly makes it a little easier to put yourself out there for additional attempts in different areas. But I also think it is far easier to become an “expert” on a related topic (even if the connection between the topics is not an obvious connection) than it is to build expertise in several completely unrelated topics or areas. Not that it isn’t done… it’s just easier when there’s connection.

4 Lisa June 6, 2013 at 14:43

Is having the presence of mind to seize opportunites the same as having the ability to recognize them as opportunities in the first place?

Sometimes I think I recognize opportunites in much the same way my dog recognizes a closed door. I know it it leads to something, but I don’t know how to open it.

5 Lucille June 7, 2013 at 05:13

A positive environment is an important factor in success. That said, negative environments have guiven rise to success….but such indidviduals never feel quite comfortable with success and become greedy and ruthless. Most people don’t work for success becuase they don’t really know what it is.

6 Buy & Hold Blog June 7, 2013 at 06:39

JD, really great summary of Outliers. I read this book last year and was really fascinated by Gladwell’s research. One of the points he makes is the timing of your birth. If you were born during the time of Bill Gates’ birth, the environment provided you with far greater opportunity once you came out of college. People who were born so they just came out of college in 90’s were able to take advantage of the booming employment market. Conversely, people who graduated during this past recession are having a tough time. Timing of your birth matters too. May be this is another factor that contributes to Buffet’s Ovarian Lottery effect.

7 Christopher Dungeon June 7, 2013 at 17:21

JD, I don’t necessarily consider myself a highly successful person, but the success that I can attribute to myself was helped by positive thought. Think negative and you will get nowhere fast.

One other note, I also like to use a trick where I envision myself being successful before actually performing a specific task or project. See it and believe it.

8 Carla June 7, 2013 at 18:46

^^^
I’m one of those who always think the worst will happen, even when I’m trying to achieve something good, and guess what? The worst does happen. I think for me it’s more than spending 10,000 learning about widgets or having won a birth lottery – it’s my negative and defeatist attitude that keeps me down.

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