"The critical question is not whether you'll have luck, but what you do with the luck that you get."

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The modern joint stock firm is the outcome of innumerable decisions made by individual entrepreneurs, owners and managers. For these decision makers the choices among alternatives were limited and the outcomes uncertain, but almost always there were choices. Despite the variability of these individual decisions, taken cumulatively they produced clear patterns of institutional change

— Alfred D. Chandler, Jr.