4 ms·

Luck is very subjective. Having opportunities around is lucky, but most people aren't interested in taking the risks or making sacrifices necessary to seize th

Luck is very subjective. Having opportunities around is lucky, but most people aren't interested in taking the risks or making sacrifices necessary to seize those opportunities. And often times the ones willing to do this are then later called lucky.

krageon 6y ago
Those risks are risks because they very often don't pan out. The folks that "make it" get to deliver clever speeches about how self-made they are and what a nice pair of bootstraps they used to get where they are today. What's left out of those stories is how many folks tried the same thing and failed. If all it took was the audacity to take a step others are not taking then it wouldn't be a risk in the first place, just a job. Put differently: To gamble you also need to take risks and make sacrifices. Some people will make it and by necessity those people are the ones that are willing to do that. That takes absolutely nothing away from the fact that the success is due to luck.
- colecut 6y ago
  Luck is still subjective. A good investor does not feel like he is gambling. He just knows industries well enough to make educated guesses that are likely to happen. Someone else could put up the same amount of money because he overheard a tip in a bathroom. In my opinion, that person is gambling. But really its all the same and it's all subjective. The gambler was lucky, the investor was smart, who cares they both won. The investor is more likely to win again though I wouldn't necessarily call him luckier.
  - krageon 6y ago
    You're essentially not engaging with my comment at all, just repeating what you said before. I don't find that a compelling way to have a conversation.
    - colecut 6y ago
      I'll be more direct since you can't seem to infer into things yourself. "To gamble you also need to take risks and make sacrifices." This statement reads as if you look at all risks as gambling. I disagree with you. With good information and intelligence, things may not be a sure thing, but you can make your own odds very good. You are basically doing work to "increase your luck." I don't think that makes you luckier I think that means you earned it. I have explained this concept as well as I can, I'm sorry if you still don't get it and have a fixed mindset.

krageon 6y ago

Those risks are risks because they very often don't pan out. The folks that "make it" get to deliver clever speeches about how self-made they are and what a nice pair of bootstraps they used to get where they are today. What's left out of those stories is how many folks tried the same thing and failed. If all it took was the audacity to take a step others are not taking then it wouldn't be a risk in the first place, just a job. Put differently: To gamble you also need to take risks and make sacrifices. Some people will make it and by necessity those people are the ones that are willing to do that. That takes absolutely nothing away from the fact that the success is due to luck.

colecut 6y ago
Luck is still subjective. A good investor does not feel like he is gambling. He just knows industries well enough to make educated guesses that are likely to happen. Someone else could put up the same amount of money because he overheard a tip in a bathroom. In my opinion, that person is gambling. But really its all the same and it's all subjective. The gambler was lucky, the investor was smart, who cares they both won. The investor is more likely to win again though I wouldn't necessarily call him luckier.
- krageon 6y ago
  You're essentially not engaging with my comment at all, just repeating what you said before. I don't find that a compelling way to have a conversation.
  - colecut 6y ago
    I'll be more direct since you can't seem to infer into things yourself. "To gamble you also need to take risks and make sacrifices." This statement reads as if you look at all risks as gambling. I disagree with you. With good information and intelligence, things may not be a sure thing, but you can make your own odds very good. You are basically doing work to "increase your luck." I don't think that makes you luckier I think that means you earned it. I have explained this concept as well as I can, I'm sorry if you still don't get it and have a fixed mindset.