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interesting thing of the day

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interesting thing of the day

while the saying “success begets success” has almost become a cliché, there is no dearth of stories covering inexplicable failures of extremely successful people and corporations. reading some of these stories and the books on this topic led me to the question: what if there is something fundamental that we are missing about success that leads to all these spectacular failures?s curvemy research brought me to the fascinating concept of the s curve. apparently, when you plot expertise with respect to time, it traces an s-shaped curve.as depicted in the accompanying diagram, when we begin learning a skill, we are a bit slow initially at the tail of the s curve. as time progresses, learning proceeds at a dramatically increased speed, helping us to climb the steep slope of the s curve very quickly. at the top of the slope, we are deemed experts in that particular skill. from then on, even if we put a lot of effort into improving ourselves in that area, the resultant learning will not be proportional. the top end of the s curve is also called the slope of diminishing returns. at the top of the s curve, many people succumb to the effects of hubris, which gives them a false sense of security because the world believes and acknowledges that they are the experts in that field. unfortunately, the world keeps moving and some other new skill becomes important, which renders this expert obsolete.success may breed failurejohn r. o’neil has written an extremely interesting book title...