There is No Magic Formula For Success

The urge to believe there is a magic formula for success, and that it can be deduced from studying past hits, is powerful. Strategic Communications Group CEO Mark Hausman believes he has distilled The 3 Hallmarks of Exceptional Content. Columnist Marcel Williams is convinced he knows The Essential Features of a Hit Record. Using the so-called Nickels Paradox, we show the fallacy of such beliefs, how correlation with the past seldom predicts future success.

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