Skill vs. luck: Emmanuel Roman at TEDxASL

Emmanuel Roman, CEO of Man Group plc ('Man') since February 2013, received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a bachelor's degree from the University of Paris in 1985. He joined Goldman Sachs in 1987 where he worked in a variety of areas including fixed income, investment banking and capital markets, becoming co-head of Worldwide Equity Derivatives in 1996. In 1998 he was elected to partnership. In 2001 he was appointed co-head of Worldwide Global Securities Services and in 2003 he also became co-head of the European Equities Division. In September 2005, after 18 years at Goldman Sachs, Emmanuel (known as Manny) joined GLG Partners LP as co-CEO where he was responsible primarily for building the business in terms of sales, infrastructure and support. In October 2010, on completion of the acquisition of GLG by Man Group plc, Manny became COO of Man, a group-wide role with primary responsibility for integrating the GLG acquisition. He joined the Board of Man in May 2011 and was appointed President & COO in July 2012 and CEO with effect from 28 February 2013.
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[@owlnyc666]

I have been told that it is "ultimately"" all luck,. It is due to luck that you have the skill talent and characteristics to make use of the skills and talents

[@nowakows]

FWIW, Suarez scored 60 goals last season for Barcelona, so the 30 prediction was indeed way off -- but not in the way that Roman implied. And one reason is that the Spanish League is completely different than the English 1st division, with lots of weak teams against whom LS got seven hat tricks, including three 4-goal performances.

[@NocturnalRS]

Even chess can have luck, a novice player could make a mindless move and it could be the right move.

[@readisgooddewaterkant7890]

but if we count it evry game is on luck.

[@owlnyc666]

But what are the probabilities that someone who has just learned to play chess will be lucky enough to win a chess game against the world champion of chess who has acquired skill after playing thousands of games over twenty years? Who would you bet your life savings or your life on? It is not "impossible" that the novice might win due to luck, but I think it is improbable. As improbable as winning million dollar lotteries four time! Which is not impossible and has happened. Suffice it to say both skill and luck are factors in any endeavour or game. Which is more likely to bring success is dependent on the game, activity.

[@NocturnalRS]

@@owlnyc666 I just wanted to mention the most extreme example I could of thought of. The chances that life exists based on trillions of years of random practical interactions is also a possibility that may also be true.

[@KushagraaDubeyy]

The most dull and useless ted talk ever.

[@maheshkrshnan8064]

Hey Einstein, stick to watching Salman Khan movies. This is beyond your puny brain's comprehension.