The Richest Man in Babylon (1926)

Opportunity is a source of good luck which – unlike chance – may be pushed to occur more frequently.

How would you define luck?

Many people think luck constitutes random, serendipitous events. But is this really always accurate?

Say you’re playing in a tennis tournament. You’ve practiced hard for months and prepared thoroughly. In the end, you win the final by clipping the top of the net so the ball bounces just out of the reach of your opponent.

Was this pure, coincidental luck?

Of course not, you had earned that luck through your hard practice.

When people talk about random luck, they’re really talking about chance. Chance implies something random and non-influenceable happening, like winning the lottery or being struck by lightning.

Actual luck needs to be distinguished from chance, because luck is not truly random. Instead, people work hard for it and earn it.

So how can you work to make yourself “luckier”?

Simply by being constantly on the look out for opportunities to increase your wealth.

For example, imagine an entrepreneur who is interested in consumer technology, and therefore spends time every day reading trend reports, examining the global financial situation and reaching out to innovators in her network.

One day she reads that 3D televisions are expected to be the latest trend, and later that same day hears from a inventor in her network who has discovered a method for producing 3D televisions at half the conventional price.

Naturally she seizes the opportunity and starts producing the televisions, becoming very successful.

Clearly her hard work, vigilance and willingness to seize the opportunity were what produced this “stroke of luck.”

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