Lucky vs. Repeatable
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1) Your luck (randomness).
2) Your strategy (choices).
3) Your actions (habits).
Only 2 of the 3 are under your control. But if you master those 2, you can improve the odds that luck will work for you rather than against you.”
James Clear • 3-2-1: Opportunity Cost, Power of Listening, and the Stories We Tell Ourselves | James Clear
Today, you can hope that good fortune and good luck magically come your way. Or you can prepare yourself to get lucky by focusing on doing the right thing at the right time—and, ironically, render luck mostly unnecessary in the process.
Stephen Hanselman • The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living
Luck is about foresight paired with strategic action.
Mike Michalowicz • Surge: Time the Marketplace, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna
What is the more productive notion of good luck? One that is defined by totally random factors outside your control, or a matter of probability that can be increased—though not guaranteed—by the right decisions and the right preparation? Obviously, the latter. This is why successful yet mysteriously “lucky” people seem to gravitate toward it.
Stephen Hanselman • The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
Luck and risk are both real and hard to identify. Do so when judging both yourself and others. Respect the power of luck and risk and you’ll have a better chance of focusing on things you can actually control. You’ll also have a better chance of finding the right role models.