Moreover, it appears that social networking is a classic increasing-returns business, and Facebook was good or lucky enough to leverage it better than anyone else.
In my book, Better Good than Lucky (available for pre-order on Amazon.com), I advocate writing down the reasons that would cause you to sell an investment before you buy the actual security.
With respect to the screen I mentioned in opening paragraph, the screening strategy is based on the scorecard in my new book, Better Good than Lucky, I will provide a thorough discussion of the screen, which I personally use, in the December issue of the AAII Journal, including the changes I made from the version covered in the July 2010 First Cut column.
"I got a little lucky tonight - and sometimes it's better to be lucky than good, " admitted the American.
Give skilful executives (not the lucky ones) good rewards, but penalise them heavily for bad decisions.
Nassim Taleb argues successful investment managers are lucky, not good.
And we were lucky to land good jobs with a steady income, but we only finished paying off our student loans about eight years ago.
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More importantly, he worried about management culture as the path to product culture, where innovation means never-ending creativity, not tossing the dice and getting lucky on a good roll.
Not everyone is lucky enough to have good training, a stiff upper lip and strong friendships.
They move right in with you, making suggestions, cracking jokes are they really that good or have I just been lucky?
Every year around June about 20 lucky people get the good news.
And even the lucky ones who get good jobs face a lifetime of renting, unless the "Bank of Mum and Dad" is willing and liquid enough to help out.
She had a minor stroke seven years ago but said she had been determined to carry on and said she was lucky to make a good recovery.
"You're lucky to find five good people in any state, while you can find dozens for divorces, " says Chuck Doran, founder of Mediation Works Incorporated in Boston, which provides and trains professional mediators.
We got married and together we got poorer. (Laughter.) After we graduated, we were lucky enough to land good jobs, so it was still a great investment for us to go to college and law school.
If I'm lucky and I take really good care of myself, I can get him through college.
The dramatic final-day nature of both his SPL wins earned McLeish the reputation as a "lucky" manager rather than a good one in certain quarters.
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"I can honestly say the forecast isn't real good, but maybe we'll get lucky, " said Slugger White, the tour's vice president of rules and competition.
I'm enjoying my football and lucky enough to be playing with good players, working with good staff - and the manager fills you with a lot of confidence.
This means that the lucky recipients are informed of their good fortune by a phone call at the break of dawn or, sometimes, in the middle of the night.
There are those who seem to think that this strange system called capitalism works on the basis that if you produce something good, or even if you just get lucky, then you make a lot of money.
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If you were lucky enough to earn a job with good benefits after recovering from a devastating injury, the insurance might not cover your needs, and nobody could promise your continuous employment (and thus continuous access to your insurance).
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If Tim Tebow were to be sprinkled with magic Lombardi dust and simultaneously possessed by the spirits of Johnny Unitas, Otto Graham and Popeye the Sailor-Man, he would be lucky to be one-quarter as good as Peyton Manning at his best.
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If you're not one of the lucky gene carriers, it's still good news.
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"I felt good all the way round although I was a bit lucky on the 18th, " said Archer, who finished with a birdie.
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