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Some regard Warren Buffett having more skill than luck in regard to gaining wealth but the question is how would you regard Paris Hilton???

I would say much more luck than skill.


LOL!

You like wikipedia. Here you go: http://en.wikipedia.org/wiki/Paris_Hilton

I think she is very talented. She may not be as talented as many of her peers but then she is not as successful either. The amount of stuff she has accomplished by the age of 27 is quite a lot considering the intense competition in the industry she operates in. She is rich for three reasons: she was born rich (birth lottery), she looks good (birth lottery) and she is talented than most even in such class of people.

A better example that you could have used would be a winner in a Las Vegas Casino. That is luck. But then what I am saying is different. Specifically: luck is not a pre-requisite for success other than events like death, accidents, natural or man-made disasters. One may face disappointments in individual events in one's life but it is important to hedge one's life with careful planning just like in investing. One may not get what s/he aspires for but that is not for lack of luck. Not achieving something specific should be considered as a natural outcome as one of the probabilities. I am yet to come across a single person in my life who does not have a specific cause for his failure in life. No failures in individual events, of course.

Regarding Quantum Mechanics, one needs to study it intensly for at leat 4 years to speak about it. Article and books for mass consumption on this topic do very little to explain it. I have studied it for 10 years at a theoretical and experimental level and realize some of its intricacies. A lot of people including religious have gone nuts over it.

I think you are still confusing the outcome of a probabilistic even as luck simply because you cannot know for sure what will be the outcome as the dice rolls.

Anurag
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