EXCERPTS FROM “GREAT BY CHOICE BY JIM COLLINS.

EXCERPTS FROM “GREAT BY CHOICE BY JIM COLLINS.

Lesson 3: Never rely on luck or chance to take care of things, instead maximize them by working hard.

If you know the basics of investing, you know that ROI means Return On Investment. Every investor tries to maximize it because the higher it gets, the more money you make per dollar invested.

Jim says leaders do something similar, but they maximize their ROL – Return On Luck.

That’s because despite what all the magazines, Youtube videos, news, Instagram channels, and other media you see and follow tell you, success does not happen overnight.

A Latin is saying, “Fortes fortuna adjuvant.” It’s more commonly known as “Fortune favors the bold.”

Don’t ever wait for luck to swoop in and save the day.

The only way you can make that happen is by working hard and consistently because then you create so many opportunities that luck can eventually show its support.

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