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The Four Stages of Luck: From Chance to Creation
Kevin Ng
September 05, 2024
Hi Friends!
Today, I want to explore an intriguing concept I recently came across: Naval Ravikant's four stages of luck. As we progress in our careers, understanding these stages can be both enlightening and empowering. Let's dive in!
Pure Dumb Luck - This is what most people think of when they hear "luck" - pure chance, like winning the lottery or finding a $20 bill on the street. It's completely out of our control, but hey, it happens!
Hustler's Luck - This is about creating opportunities through sheer effort. Imagine shaking every tree you see, not knowing what might fall out. You're still relying on chance, but you're increasing your odds. Think of the entrepreneur who pitches to 100 investors before getting funded. We often see the "lucky break" but miss the tremendous work behind it.
The Preparer’s Luck - This is opportunity luck. Your knowledge and skills allow you to spot and seize opportunities others might miss. It's like recognizing the perfect location for a business that others overlook. Your preparedness turns ordinary moments into lucky breaks.
Unique Character Luck - This is when your reputation and unique skills attract luck to you. Warren Buffett is a prime example - people bring investment opportunities to him because of who he is. Your "lucky break" becomes mutually beneficial.
As we grow in our careers, we often progress through these stages. It's empowering to realize that while we can't control pure chance, we can cultivate the other forms of luck. By hustling, preparing ourselves, and developing unique skills, we're not just waiting for luck - we're actively generating it.
So, the next time you see someone's "lucky break," remember: there might be years of hustle, preparation, and skill development behind that moment. It's not about lamenting our lack of luck, but about creating our own.
I'm curious about your experiences. Have you noticed these different types of luck in your life or career? How have you tried to create your own luck? I'd love to hear your thoughts!
Until next time, keep creating your own luck!
Kevin Ng