Getting rid of bad luck for a better life


Today's sponsor

Shortform advertises itself as a book summary site, and that is an awesome feature. But while poking around, I discovered they also publish news article breakdowns.

One of my pet peeves is modern media. In particular, the polarizing takes that manipulate your feelings without giving you all the facts necessary to understand what you're reading. There are a variety of sites out there to help you get unbiased news, but Shortform comes up big in this way.

Shortform breaks down news stories with commentary and additional links if you want further information. They included relevant context for all the news covered, so you walk away with the total picture. It's news and research, reported with bias and supporting information, the way news should be delivered.

Check out Shortform below to get a free trial and a 20% discount.


Getting rid of bad luck for a better life

Luck plays a significant role in the life of any successful person.

Hard work is essential, but a little good fortune goes a long way in being successful.

Everyone's gotten a lucky break or two, but people don’t like to admit this for two big reasons:

  1. People believe it takes away from the effort they put in. After all, even people who are OBVIOUSLY lucky don't like to hear that's why they have a good life. If you reduce all success to being in the "right place at the right time," how are you supposed to teach someone how to be successful seriously?
  2. They severely misunderstand what luck is. Most think it's picking the correct numbers or winning the "genetic lottery." These things help you excel, but they don't really matter

Dealing with the first misunderstanding is a natural result of dealing with the second.

Before I define luck, let me warn you: it will probably differ from whatever’s in Webster’s dictionary. If you’re satisfied with your level of luck, read theirs instead.

Ed Latimore’s Definition Of Luck: Let “n” be an intended or predicted outcome. Let k be any events that occur because of “n.” The unintended n+k order of effects of an action is luck.

We aim to increase the amount of good luck and decrease the bad we experience. To accomplish this task, we must first understand the difference between the two.

You benefit from good luck and suffer because of bad. This statement might seem obvious, but notice how it compares to my earlier definition of luck. When speaking of luck, without a modifying adjective, it's an impersonal observation of how the world works. Things happen and as a result of those intended things, other unintended things happen, the sum of which is luck.

When we start talking about “good” and “bad” luck, it becomes a personal experience. Because of the personal nature of good/luck, three factors about every person determine whether an unintended event is a case of good or bad luck.

  1. Position: For some industries, artificial intelligence is a boon. For others, it spells the end of their livelihood. A company merger simultaneously deems some positions worthless and others so significant that they're paid more.
  2. Preparation: When artificial intelligence of the company merger takes your job, a decent amount of savings prevents worry. Furthermore, it allows you to take your time to find a better opportunity or develop skills to do something else. If you were living paycheck-to-paycheck, this is an awful stroke of luck that will put you into an uncomfortable situation.
  3. Perspective: Your position and preparation will influence your perspective on the events. Your perspective is influenced by other factors, such as timing and your general disposition (pessimistic vs. optimistic).

This idea gives a glimpse into what it takes to have more good luck in our lives, but first, let's talk about decreasing bad luck. We must discuss how to stop being unlucky because filling a bucket is easier once you patch up the leaks. In other words, it doesn't matter how fortunate you are if misfortune wipes it out.


Social media round-up

  • On YouTube, I talk about why you need to bet on yourself and how to do it.
  • On Twitter, I reminded people that they are not even close to reaching their full potential.

Cool things I read this week

  • Don't be too smart to borrow what works: This short essay by Thomas Waschenfelder highlights the ego problem that many people have (myself included) that keeps them from becoming wildly successful. My favorite line: "If it works, it works. Don't let pride in your ideas being right get in the way of what could make you money."
  • The Testosterone Solution: This is a free e-book that I checked out because I manage to keep fairly high T-levels (Total: 878 ng/dL, Free: 155 pg/mL), and I wanted to see if there was anything I was missing. I saw a guy I follow on Twitter (Ethan Buck) had this guide, so I checked it out. This is basically the lifestyle I follow, though my sleep is been jacked this past year with the baby. Other than that, for any guys looking to avoid TRT, this can help.

Stoic Street Smarts

Teaching what I've learned from the hood, the ring, and everything in between. Join 35k other readers to learn how to manage risk, build relationships, and confront reality.

Read more from Stoic Street Smarts

A few years ago, I learned about a rather controversial experiment involving a colony of mice, and the more I read into it, the more familiar it sounded. Not because I’d ever run an experiment on mice, but the conditions, patterns, and outcomes of the experiment looked eerily similar to what I’d seen and knew about the hood. The experiment was called Universe 25. It was designed to create paradise for mice—a world with unlimited food, unlimited water, no predators, and plenty of space....

You don't remember the most important thing about yourself. And I'm not talking about your first kiss, where you grew up, or who your best friend is. That stuff is kind of important and is a part of you, but it’s not what makes you who you are. Those are the things you’ve done. I'm talking about the things that happened to you that you can’t remember, because your mind decided you couldn't handle them. So those things got buried so deep that you don't even know they're missing. Here's the...

Gen Z stopped drinking, and it’s cost alcohol companies almost $830 billion dollars in the past 5 years. But that’s not even the biggest story. The bigger story is how this has fundamentally changed society and how it will topple the college scam market, possibly even faster than AI and the student loan crisis. Fewer people are drinking alcohol than ever before. Now, I personally have been sober since December 23rd, 2013—almost 13 years—so my feelings on the matter should be obvious. However,...