A physicist derives a mathematical formula for success.

Chanel Holden

2019-03-07 12:39:00 Thu ET

A physicist derives a mathematical formula that success equates the product of both personal quality and the potential value of a random idea. As a Northeastern University expert on network theory, Albert-Laszlo Barabasi comes up with this key simple formula when he learns the transformative life stories of many people who achieved late-in-life successes. For instance, a U.S. analytical chemistry professor, John Fenn, conducted his revolutionary research on electrospray ionization at the age of 67 (which contributed to the mass measurement of viruses and ribosomes with incredible accuracy) and then received the Nobel Prize in Chemistry for this major contribution at the age of 85.

English actor and director Alan Rickman had his first movie role at 46; Julia Child brought French cuisine to the U.S. public in her first TV show at 50; Yitang Zhang derived a revolutionary mathematical proof in his first journal publication and later earned full professorship with many special achievement awards at 57; and Nelson Mandela emerged after 27 years in prison and then became the President of South Africa at 76.

The Barabasi formula is S=Q*r where S denotes the success of a new deal, or the impact of a major discovery or breakthrough, which is equal to the product of the Q-factor (or innate talent) and the value of a random idea r. A highly creative and smart person may encounter some basic random idea, and this combination leads to a mediocre outcome. Conversely, an average person may come across a great idea, and this combination still leads to a mediocre result.

Then there are perfect-storm instances where the idea and its creator both shine.  When the Q-factor and the value of a new idea are both high, they enhance each other and result in a major breakthrough. A key example is the revolutionary Apple iPhone that integrates the flash of fresh business genius in Steve Jobs, an Internet-connective telephone, a music player, and a digital camera into one mobile device. What illuminates the Barabasi success formula is the realization that if a person has an insufficiently high Q-factor in one vocation, he or she might want to consider switching to a different field where it is quite attainable to get an exceptionally high Q-factor. Amazon founder and chairman Jeff Bezos had considered becoming a physicist when he studied at Princeton, and later he realized that this ambition was too remote; as a result, he chose to become an investment banker first in his career and then founded Amazon as an e-commerce startup, and the rest was history. On balance, these life lessons suggest that one should combine his or her high Q-factor with a healthy quantity of good ideas before the next eureka moment.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

Most sustainably successful business leaders make a mark in the world, create a positive impact, and challenge the status quo.

Peter Prince

2020-08-12 07:25:00 Wednesday ET

Most sustainably successful business leaders make a mark in the world, create a positive impact, and challenge the status quo.

Most sustainably successful business leaders make a mark in the world, create a positive impact, and challenge the status quo. Jerry Porras, Stewart Emer

+See More

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams.

Monica McNeil

2020-07-12 08:30:00 Sunday ET

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams.

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams. Jacob Stoller (2015)  

+See More

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.

Fiona Sydney

2019-05-19 19:31:00 Sunday ET

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation. Progressive tax redistribution cannot achiev

+See More

Uber's autonomous car causes the first known pedestrian fatality from a driverless vehicle.

Daphne Basel

2018-03-19 10:37:00 Monday ET

Uber's autonomous car causes the first known pedestrian fatality from a driverless vehicle.

Uber's autonomous car causes the first known pedestrian fatality from a driverless vehicle and thus sets off the alarm bell for artificial intelligence.

+See More

Former IMF chief economist Kenneth Rogoff advocates that artificial intelligence helps augment productivity growth in the next decade.

James Campbell

2018-04-23 07:43:00 Monday ET

Former IMF chief economist Kenneth Rogoff advocates that artificial intelligence helps augment productivity growth in the next decade.

Harvard professor and former IMF chief economist Kenneth Rogoff advocates that artificial intelligence helps augment human productivity growth in the next d

+See More

Citron Research short-sellers initiate a class-action lawsuit against Tesla and its executive chairman Elon Musk.

Monica McNeil

2018-09-05 08:34:00 Wednesday ET

Citron Research short-sellers initiate a class-action lawsuit against Tesla and its executive chairman Elon Musk.

Citron Research short-sellers initiate a class-action lawsuit against Tesla and its executive chairman Elon Musk because he might have deliberately orchestr

+See More