A Quote by Reid Hoffman
Now, in economic crises times, the kind of things you're looking at is it's generally harder to get capital, revenue growth may be more, revenue lines may be unstable or growth may be less easy to predict that you're going to get to. And so what you do is you take a certain conservative approach of when, as all entrepreneurs should do, you plan for both good luck and bad luck, you put extra time on, "Okay, if I have bad luck, what do I do about that?"
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All of us have bad luck and good luck. The man who persists through the bad luck - who keeps right on going - is the man who is there when the good luck comes - and is ready to receive it.
You never can tell whether bad luck may not after all turn out to be good luck.
Never expect justice in this world. That is not part of God's plan. Everybody thinks that if they don't get it, they're some kind of odd man out. And it's not true. Nobody gets justice - people just get good luck or bad luck.
There was no such thing as luck. Luck was a word idiots used to explain the consequences of their own rashness, and selfishness, and stupidity. More often than not bad luck meant bad plans.
There's always the same amount of good luck and bad luck in the world. If one person doesn't get the bad luck, somebody else will have to get it in their place. There's always the same amount of good and evil, too. We can't eradicate evil, we can only evict it, force it to move across town. And when evil moves, some good always goes with it. But we can never alter the ratio of good to evil. All we can do is keep things stirred up so neither good nor evil solidifies. That's when things get scary. Life is like a stew, you have to stir it frequently, or all the scum rises to the top.
Well, well-run companies always have a focus on growth and the two lines, which includes profit. The key thing during, I think, tough times, is to make sure that you've covered the basis for when something, you know, essentially things taking longer, bad luck, adversity, other kinds of circumstances may occur. Make sure that you can monitor to win, it's potentially, you know, something is going to go wrong, monitor early enough, and then take appropriate action to essentially counteract that or shift your strategy or plan, even if in fact something is not working out as well as it is.
Things worthwhile generally don’t just happen. Luck is a fact, but should not be a factor. Good luck is what is left over after intelligence and effort have combined at their best. Negligence or indifference are usually reviewed from an unlucky seat. The law of cause and effect and causality both work the same with inexorable exactitudes. Luck is the residue of design.
I may say that this is the greatest factor: the way in which the expedition is equipped, the way in which every difficulty is foreseen, and precautions taken for meeting or avoiding it. Victory awaits him who has everything in order, luck, people call it. Defeat is certain for him who has neglected to take the necessary precautions in time, this is called bad luck.
Nobody gets justice. People only get good luck or bad luck.
There was only really one accident that was kinda bad but it was nothing to do with booze, just bad luck... I was having a hard time a couple of years ago... I'm a good driver, I just had bad luck.
You campaigned against rich people and you got enough envy whipped up in the country and you're gonna get 'em. You're gonna stick it to those rich people. But guess what? You may not get anymore revenue. You may not get anymore economic growth. But you can say, 'I stuck it to the rich people.'
As a leader, you don't get too high on the highs or let the bumps balance down. Every leader over time has probably equal amount of good luck or bad luck - or, you could argue, has good opportunities or challenges.
Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to come by, growth is easy, sometimes what you focus on is, you know, how to accelerate in the boom. During economic crises, the question is, the companies that come out of, you know, that are sailing through that with the best liquidity, both assets on the balance sheet, making money, ability to grow their businesses, get a disproportionate competitive advantage.
Above all, he liked it that everything was one's own fault. There was only oneself to praise or blame. Luck was a servant and not a master. Luck had to be accepted with a shrug or taken advantage of up to the hilt. But it had to be understood and recognized for what it was and not confused with a faulty appreciation of the odds, for, at gambling, the deadly sin is to mistake bad play for bad luck. And luck in all its moods had to be loved and not feared
Luck is very important. Of course you can't wait for luck, because it won't come. While you start a journey, luck may eventually come to you.
There's always luck involved in things, luck is involved in life; you're born a certain way, you're born in a certain location, you're born - country, there's always luck. And some people disagree that there's no such thing as luck, well, I'll take them on anytime you want.
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