99% of the work someone acquired in his life…

99% of the work someone acquired in his life turned about to be a little value. But that doesn’t particularly matter if the other one percent turned out to be amazing. A lot of things in business and investing work this way. Long tales, the farthest ends of the distribution of outcomes, have tremendous influence in finance, or a small number of events and account for the majority of outcomes.

— from The Heart in the Cockpit (Emotion/Awe/Anxiety/Regret/Empathy) · The Psychology of Money By Morgan Housel

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