“Diligence is the mother of good luck.” — Benjamin Franklin
“Luck is where opportunity meets preparation.” — Seneca
“Luck is a dividend of sweat. The more you sweat, the luckier you get.” — Ray Kroc
“Luck has nothing to do with it, because I have spent many, many hours, countless hours, on the court working for my one moment in time, not knowing when it would come.” — Serena William
The 4 Types Of Luck 1
Type of Luck | Description | Controllability |
---|---|---|
Blind Luck | Uncontrollable chance | Uncontrollable |
Active Luck | Luck from motion | Controllable |
Discerned Luck | Luck from awareness | Controllable |
Personality Luck | Luck from uniqueness | Controllable |
“Return On Luck (ROL)” By Jim Collins
- Great companies do not get disproportionately more good luck than others, but they do disproportionately benefit from the good luck they get, i.e., they generate high ROL.
How To Increase Your Luck Surface Area?
- Expose yourself to more randomness.
- Be prepared to act on those opportunities when they present themselves.
Footnotes
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James H. Austin classifies four types of chances (the word Austin uses for luck) in his book Chase, Chance, and Creativity: The Lucky Art of Novelty. ↩