Four Kinds of Luck

There are four kinds of luck.

The simplest form is extrinsic, something fortunate happens to you—we tend to call that blind luck.

Then there is luck that happens by increasing the number of chances to be lucky—we often see that in people who output an enormous amount and are in constant motion.

The next is luck from being skilled in a particular area and spotting lucky breaks that others don’t notice—this is prepared luck.

Lastly there is luck that is drawn to you from being in a position where other’s luck becomes your luck—this is due to your unique characteristics, a second-order luck. This is the hardest to understand, but consider the example of a deep see diver who is the best in the world. When a sunken ship filled with treasure is discovered deep underwater, this opportunity will go to them because they are known to be the best.

See also:

  • Controlled Self-Deception

    Being successful is mostly luck but working smartly (skill plus hard work) increases your luck. The trick is to balance intellectual honesty (it’s mostly luck) with controlled self-deception (success is due to skill and hard work). If you are too honest, you become pessimistic and if you’re too self-deceptive you get a false sense that everyone less successful is lazy or dumb.