Summary of The Little Risks You Can Take to Increase Your Luck

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The Little Risks You Can Take to Increase Your Luck summary
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Rating

8 Overall

10 Applicability

7 Innovation

7 Style


Recommendation

Polymath and Founding Father of the United States Benjamin Franklin posited that “diligence is the mother of good luck.” Stanford professor Tina Seelig concurs. She believes that taking small purposeful risks can increase your serendipity, and she outlines three simple strategies to encourage the winds of good fortune to blow your way. getAbstract recommends her instructive video to those who don’t want to leave their luck to chance.

In this summary, you will learn

  • What strategies you can employ to lure good fortune into your life and 
  • How small risks can lead to large rewards.
 

About the Speaker

Tina Seelig is a faculty director of the Stanford Technology Ventures Program at Stanford School of Engineering.

 

Summary

The dictionary definition of luck is “success or failure apparently caused by chance.” Contrary to prevailing wisdom, however, chance isn’t nearly as intrinsic to luck as you might imagine. Descriptions of luck often employ the “lightning strike” metaphor; that is, luck is a phenomenon that occurs in sudden, random, isolated incidents. But a better analogy is that luck resembles the wind: It blows constantly from different directions and with varying intensity. Therefore, you must construct a sail to “capture the winds of luck.” Specifically, work to improve three relationships:


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