Call Us
+91 9231566434

Are Successful People just ‘Luckier’ than Everyone Else?

It is undeniable that luck and chance play a role in shaping success in life. Everyone can name countless examples of chance occurrences and happy coincidences in their own lives. The question is, however, just how big a role does luck actually play. Whether chance presents someone with a good opportunity or not is not the key question, but rather.

Does the lucky person actually recognize the chance they have been given? Or do they fail to appreciate the opportunity for what it is? “Chance shows me what I have an eye for,” said the Swiss author Max Frisch.

And if they do recognize their lucky break, do they take advantage of it? Do they act? Or are they the type of person who says, for example: “Maybe it’s something to think about one day

The same applies to the kind of adverse and negative external circumstances that unsuccessful people like to use as excuses for failure. Very few people find themselves in an “ideal position” to start their rise to the top. Some have to battle physical disability, others have no academic qualifications, some may feel too young and others too old to take on a huge task, or they may even argue that their responsibilities toward their children and their family prevents them from fully committing themselves.

Stephen Hawking

Take Stephen Hawking, the world-famous physicist. He suffered from a rare medical condition, amyotrophic lateral sclerosis, a disease of the motor nervous system. Doctors predicted that he would live for only a few years. Not only was he confined to a wheelchair, he also lost the ability to speak and had to use a computer to communicate verbally. Despite everything, he became perhaps the best-known scientist in the world, was married twice, traveled the world, met leading scientists and politicians and wrote international bestsellers. The key to all this was his attitude. Above all, he saw the advantages of his disability.

In his autobiography, he wrote that because of his disability he did not have to give lectures or teach first-year students and did not have to participate in tedious and time-consuming committee meetings, but could devote himself fully to his research. His upbeat disposition played a more important role in his life than his disability. “I believe that disabled people should concentrate on things that their handicap doesn’t prevent them from doing and not regret those they can’t do. In my case, I have managed to do most things I wanted.”

A Psychological Experiment

In the same way that negative external circumstances do not hold successful people back, “happiness” and “chance” do not benefit people who are unable to recognize and take advantage of good fortune. The psychologist Richard Wiseman has a lot of interesting things to say about the role people think luck plays in their lives and how they deal with unexpected opportunities. During the course of his research, Wiseman presented test subjects with two “lucky breaks.”


One was a banknote lying on the sidewalk. As they headed to the research lab, the other came in the shape of a potential employer. Who tried to strike up a conversation with the test subjects in a cafe. The “lucky ones” found the money immediately and willingly engaged in conversation with the stranger in the cafe. Thereby hearing about the interesting job opportunity. The “unfortunate souls” almost all overlooked the money on the street. And failed to take advantage of the conversation in the cafe.

This demonstrates that the ability to recognize and take advantage of serendipitous openings. Is a result of specific personality traits and attitudes. Nevertheless, it is very often claimed that chance and luck are the most important factors for success. Books that support this thesis are very popular because they give unsuccessful people a simple explanation. For other people’s incredible success. In psychological terms, unsuccessful people can take comfort from this explanation because it does not threaten their self-esteem. In his book Outliers. The Story of Success, the Canadian journalist Malcolm Gladwell sought to identify why extraordinarily successful individuals are so successful. His central hypothesis is that personality traits, intelligence, etc., are of minor importance in explaining the success of exceptional individuals.

Contrafactual Speculation: “What Would Have Happened If

Authors such as Gladwell always follow a similar line of argumentation. If a successful person had not happened to be at a specific place. At just the right time, or had not known the right people, they would never have become successful. In books such as Gladwell’s, contrafactual assumptions are of great significance, even if these are not explicitly developed.

The reader is constantly confronted with questions such as. What would have happened if Bill Gates hadn’t had the opportunity to work on a large computer for free? It is difficult to pursue such assumptions to any kind of satisfactory conclusion. Would Gates still have achieved such incredible success in his field? And if not, would he have been equally successful in some other field, as a result of specific traits. Such as the combination of his extraordinary intelligence and his outstanding entrepreneurial qualities. Or the strength of certain personality traits and his application of successful strategies?


Books such as Gladwell’s, which attribute a large proportion of the success of people like Bill Gates or Steve Jobs. To a chain of happy coincidences, have an inherent suggestive power because they lead readers to keep asking. If this single event or that one piece of luck hadn’t happened. What would have been different? The more fortunate coincidences an author relates, the more likely the reader is to assume that the person. They are reading about wouldn’t have been anywhere near as successful. If they hadn’t enjoyed such a series of serendipitous events.

This is, of course, possible, but it is impossible to prove. It would not be that difficult to identify a significant number of negative events. Or unhappy coincidences in the lives of these successful people. Which could only be described as bad luck. If, instead of being so successful. These individuals had actually failed, it would be just as easy to construct a suggestive sequence of unlucky events. Which would equally serve as an explanation for their failure. But this would neglect the fact that it is far more the way in which a person reacts to events. And less the events themselves. That leads to certain results.

Nobody Is Only Ever Lucky Or Only Ever Unlucky

The likelihood that someone would only ever experience either good or bad luck during their lifetime is very low. During the course of many years and decades, in most cases good and bad luck. Would be expected to balance each other out. Without a doubt, happenstance and luck do play a role, but this role varies significantly. Depending upon the field of activity involved. While emphasizing the role of luck, Michael J. Mauboussin, author of The Success Equation, also admits that there are substantial differences between different fields and activities. He proposes a “luck/skill continuum” and introduces a variety of sports and other activities as examples. He places roulette at the “pure luck” end of this spectrum. Whereas chess is at the “pure skill” end of his spectrum.


In order to decide where on the continuum a certain activity belongs. The following question can be used as a guide. “Ask whether you can lose on purpose. In games of skill, it’s clear that you can lose intentionally. But when playing roulette or the lottery you can’t lose on purpose.” Lawyers acting to legalize online poker. In the United States even used this test in support of their legal arguments.

Even if it is true that chance is a factor that affects success. The way a person reacts to a chance event or encounter is certainly of greater significance. Winning the lottery is one example of unexpected luck. However, people who win major prizes on lotteries often lose their winnings again within just a few years. In contrast, there are self-made millionaires and billionaires who have lost everything and. Just a few years later, have been able to rebuild their fortunes. “I don’t believe in circumstances,” noted playwright George Bernard Shaw. “The people who get on in this world are the people who get up. And look for the circumstances they want. And if they can’t find them, make them.”

Leave a comment

Your email address will not be published. Required fields are marked *

Tag Cloud

(which was launched in March 2005 and has been used to launch over 2 000 companies including Stripe 000. personal property leases. agreements concerning the purchase 10 Ways to Generate Blog Ideas 401(k) plans 409A valuations 7 Insurtech trends to be aware of in 2021 A company that develops driverless cars Abundant Adarsh Gram Affiliate Marketing on Facebook: 4 Tips to Succeed in 2021 Affiliates Age Matter for startup Agreements or arrangements that provide benefits contingent upon a change in control. The severance or deferred compensation plans (including any salary deferral agreements AI token Airbnb Alphabet Also president and editor-in-chief of Xinhua News Agency. He urged BRICS media outlets to be aware of the general trend of global development and be “narrators” of the. BRICS story And also agreements relating to the Company’s past stock issuances. Any documents evidencing registration rights for the Company’s also securities And Bylaws. Similar information for the Company and subsidiaries And more. If your startup is an early-stage company that is looking to fund raise in 2020 Angel investment Annual recurring revenue) Antitrust Lawsuit Any determination or opinion letter and Form 5500 filings for the last 3 years. All documents or other information relating to any loans made by the Company to its employees AR/VR ecosystem Artificial intelligence Artificial Intelligence Is Changing The Insurance Landscape Attended the event as co-chairpersons of the forum. In their speeches Augmented Reality Avoid When Seeking Investment Azim Premji University Bahrain Base salary Be proactive Beijing – The fifth presidium meeting of the. BRICS Media Forum was held via video link. Monday Best Business Structure Better leader Bitcoin Blobal market Blockchain technology Branding on Investment BRICS media Building your Brand Business Business cards Business End Goal Business opportunities in Serbia Business Owners Business plans Business Software Now Buyer Personas Capitec launches ‘Scan to Pay’ feature in its app Career myths Certificates of Designation CFO Change Challenge Change is the new Normal Charitable Partnerships Chefrome Classification (including Co-working space Coinbase Commission plan (if applicable) Community-as-a-Service: A Business Model for the 21st Century Compete with Big Companies Content is the key Contracts or proposed transactions to which the Company is a party or by which it is bound which involve obligations of Copper Intensity Copyright Coronavirus Outbreak Corporate entrepreneurship Corporate Multi-nationals Corporate to Start Cost reduction Credit cards Cruise Automation Cryptocurrency Customer Experience Dealing with online hate Definition of Goal Derailing your career Deutsche Telekom Digital India Digital Marketing Digital Marketing Strategies Digitizing your business Diligence Checklist Director of The Hindu Publishing Group of India; and Dr Iqbal Survé Directors Directors or consultants. The Company’s employee handbook. If the Company has any foreign employees Disney Do We Need A New Value-System For Professional Survival In A Post-Pandemic World Don’t Make These 6 Big Mistakes When Starting a Business DoorDash Dubai Dubai opportunity for start-ups Economies Electric Vehicles Elevate Customer Experience Empathy-Based Marketing Employee Well-being Employment agreements and offer letters with severance benefits or vesting acceleration provisions. Any plans Energy Energy business Entrepreneur Entrepreneurs Entrepreneurs share their thoughts on the topic Entrepreneurship: The Adrenal Rush of Riding a Bike Epic Games Etc. Executive chairman of Independent Media of South Africa Executives Facebook Family Business Favour of casual work Fear of failure Feel lost Feeling lost Financial cash flow forecasts Find a job you love Finding a work-from-home job option First deputy editor-in-chief of Russia’s Rossiya Segodnya; Narasimhan Ram Follow the evolution trends of media also and be “leaders” in. Innovative development Follow Your Dream Confidently Game development in marketing Garib Kalyan Yojana Gas Girls in business Global cloth brands Global market Gold Government Great managers way Guide to Hiring Employees Happiness Hard Work Might Not Pay Off Harsh reality and facts of the startup ecosystem He added. Jose Juan Sanchez High Expectations to Live the Life Hire Hobby into a business How Is Automation Able To Help Insurers To Recover In The Pandemic? How Much Do I Raise for My Startup How you plan to grow your business If an employee If any. A corporate entity organizational chart If available. judgment Imperfect Progress Importance of Time Management in the Workplace Including Including employee confidentiality and proprietary information agreements. insurance policies held by the Company or of which the Company is a beneficiary and a summary of such policies Including grant dates and exercise prices. Copies of agreements relating to outstanding options Including issuance dates and original issuance price. A list of the Company’s option holders Including SnapScan and Zapper Including title Including without limitation Incubation Incubator India and South Africa India Oman Business India-Oman Instacart Instruments Investment Investment memos It’s OK to Quit (Your Job) Jobs Joy happy Kids Kind Is Not Always Good for Corporate World Leadership qualities Lean canvas Lease Legal Tech Companies Liens Life is good Like Huckabee CPA Love your job Manage people who are older than you Management Marketing Marketing automation Marketing Teams Microsoft Microsoft invests in Cruise Might Just Change My Life Millennial Mind Morality Impacts Valuation Mortgage Motivated when your business Fails Move Your Shop Online Mumpreneur NDAs Neurodiverse New Jal Shakti Ministry New Job Nice guys finish last Notice of exercise and restricted stock purchase agreement). If the Company sponsors a 401(k) plan Nurturing and Mentoring Talent Office Culture Office Décor Oil Online entrepreneur Or any affiliate thereof Or evidencing any agreements among the Company’s shareholders or between the Company and its shareholders. A summary of the vesting schedules of any stock or options subject to vesting Or outside the ordinary course of business. A list of officers and directors. If any officers are not currently devoting 100 percent of their business time to the Company Or payments to Or strike or other labor dispute. Information Regarding Employees and Employee · Benefits A list of the Company’s employees and consultants Or sublease of real property. Any documents evidencing indebtedness for money borrowed or any other liabilities incurred by the Company. Any documents evidencing any mortgages Order Pandemic Pandemic ready Patents Pension plans and insurance plans. So forms of agreements used in connection with any stock option plans. (such as a form of option agreement Person You Wanted to be as a Kid Petrocrats Please note them on this list. Information Regarding Disputes and Potential Litigation Any correspondence or documents relating to any pending or threatened action Power Powering African Countries PRASAD Scheme President of Brazil’s CMA Group; Sergey Kochetkov Private Fund Data Operations Production Promotion Proof of tax compliance Proprietary information or technology Public relationship Publishers Grow Purpose-led Qualities of a good mentor Quantum Computing Quitter Reaching Goals Recently the well known startup incubator /seed accelerator Ycombinator Recruitment Relationship and marketing Remote Work Resilience as a business leader Revenue Capture Reviving the economy and building a community with a shared future Rights Rights (including conversion or preemptive rights) or agreements for the purchase or acquisition of any of the Company’s securities Russia Safe Path Said. He Samarjit Mitra Sample businessplan Saudi Arabia Scalable and sustainable business model Scale of personality School term Select an idea SEO SEO strategy Separately list (by country) all benefits provided to foreign employees. Of course Skill India Small Business Small Business Owners Small businesses SMART CITY- A Step Into the Future Smart phone Smuggling Sony Electronics Announces New Airpeak S1 Professional Drone Sowing future growth Start-up India Start-Ups Starting Your Own Street Food Business Startup Startup Fails Startup Fundraising Startups Stay relevant and grow Stock market Stock option plans Stocks Stop Comparing Your Life with Others Stress in business Stressed At Work Structural Readjustments Required in B-Schools Structuring Investment Subrata Chattopadhay Successful Contingency planning for Business Suit or proceeding or investigation Taking money from an investor and on any terms cannot hurt Target bonus (if applicable) Tax computations The Company in excess of $25 They expressed the hope to further deepen the cooperation among. BRICS media Toxic Workplace Tracking SARS-COV-2 Variants of Concern Trade secret or other proprietary rights Trademarking Turn your sales UAE Labour Law: All You Wanted to Know About Leaves Understanding Understandings or proposed transactions between the Company and any of its officers Unified Mobile Application Union representation Unknown and Unplanned Vaccine Rollout Values back on track Various Types of Investors VC Virtual Marketing Virtual reality VR Wages Warrants Washington State Recruits Starbucks to Help With Its Covid-19 Vaccine Rollout We suggest working with an experienced startup-focused accounting firm Well before your startup is in the due diligence phase of an important fund raising or m&A transaction. What Do LPs Think of the Venture Capital Markets: What financial metrics/benchmarks do VCs look at (such as ARR What Is Working Capital What VCs Really Look For Whether the employee is exempt or non-exempt) and state of residence. The Company’s standard form of offer letter. Any agreements Whether written or oral Why Business Angels do not invest Why practising good self-care is a recipe for Success With employees or consultants). Such employee benefit plans With members also pledging joint efforts. To improve the forum mechanism also and step up post.-Covid-19 exchanges and cooperation among BRICS media. In the fight against Covid-19 Without limitation Women in business Women mean business Workers Working Capital World Embraces Phygital World leader summit World of the Red Gem Writ or decree by which the Company is bound or to which it is a party. standard forms of agreements used by the Company. joint venture and partnership agreements. management Ybersecurity in the metaverse era You should be thinking about preparing a due diligence materials which includes financial documents such as P&L statements You’re Overworked Your cap table and more. Other documents to be retained will include incorporation and constitutional documents (that evidence legal ownership

© All Rights Reserved.