Types of Luck

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Luck is always at play in any endeavor. To say it's not is foolish. It seems counterintuitive but good luck is worse than bad luck if you're a frequent receiver of it. Good luck does nothing but deceive you — hiding your faults and flaws. Bad luck can be demoralizing at times, but it teaches you a lot of wisdom. In moments of bad luck, that's when we learn the much-needed lessons of patience, timing, and preparation. Without these you will never be able to turn the momentum of good luck into velocity that can sustain itself in the future.

Naval Ravikant talks about the 4 different kinds of luck. He says "in 1,000 parallel universes, you want to be wealthy in 999 of them." There's blind luck — like winning the lottery. Luck through hustle. You're spending a lot of energy to stir things up until luck finds you. Another form of luck is Signal Recognition. You notice the things others often miss because you're in the field. In a way, you're more sensitive to luck. The last form is when you become a bug light, attracting luck. A unique element of yourself causes luck to find you (character, hard mindset, etc.). To get consistently lucky it requires being deterministic. You want to build things that allow you to naturally have opportunities others would characterize as blind luck.