False economy What’s in it for me? Understand what makes the

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.

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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.”