“The contempt of risk and the presumptuous hope of success are in no period of life more active than at the age at which young people choose their professions,” wrote Adam Smith in 1776. “How little the fear of misfortune is then capable of balancing the hope of good luck.”
Miscellany
Thomas Jefferson never wrote or said, “I’m a great believer in luck. The harder I work the more I seem to have.” The quip was crafted by San Francisco humorist Coleman Cox for a 1922 collection titled Listen to This.
In November 1934 a team of American baseball stars, including Babe Ruth, toured Japan. When they arrived for a game in the town of Narashino, each man was presented with a horseshoe-shaped flower wreath. Ruth detested the gift; he later told a Japanese baseball magazine that he considered such wreaths bad luck and had never hit a home run after receiving one.
When Booker T. Washington and Austrian ambassador Ladislaus Hengelmüller visited the White House on the same day in November 1905, Hengelmüller took Washington’s overcoat by mistake. According to the Washington Post, he noticed the mix-up on finding in the pocket “the left hind foot of a graveyard rabbit, killed in the dark of the moon,” which he “heroically relinquished.”
In July 2003 details leaked of a new venture from the Defense Advanced Research Projects Agency: an online market for financial speculation on possible terrorist attacks, assassinations, and coups. “Futures markets have proven themselves to be good at predicting such things as elections results,” the Defense Department argued. “They are often better than expert opinions.” DARPA—already under fire for its proposed Total Information Awareness program—was forced to abandon the idea.
“Among the greatest pieces of luck for high achievement is ordeal,” poet John Berryman told an interviewer in 1970, two years before his death. “Certain great artists can make out without it, Titian and others, but mostly you need ordeal. My idea is this: the artist is extremely lucky who is presented with the worst possible ordeal which will not actually kill him. At that point, he’s in business.”