Absolute Success is Luck. Relative Success is Hard Work.

Warren Buffett, the multi-billionaire investor, offered a thought experiment in 1997. "Imagine it's 24 hours before you're about to be born, and a genie appears to you," he remarked. "The genie claims that you have complete control over the rules of the civilization you are going to enter, and that you can create whatever you wish." You get to create the social, economic, and governmental rules. And those rules will stand for the rest of your life, your children's lives, and your grandchildren's lives." "However, there is a catch," he explained. "You never know whether you'll be born in the United States or Afghanistan, affluent or poor, male or female, infirm or able-bodied. You only know that you get to pick one ball from a barrel containing 5.8 billion balls. And you're the one." "To put it another way," Buffett says, "you're going to play the Ovarian Lottery." And that is the most significant event that will ever occur in your life. It will determine a lot more than where you go to school, how hard you work, and other factors." Buffett has long argued that luck plays a factor in success. He noted in his 2014 Annual Letter, "Through dumb luck, [My company] Charlie and I were both born in the United States, and we will be eternally grateful for the incredible opportunities that this chance of birth has provided us." It's difficult to dispute the relevance of luck, randomness, and good fortune in life when stated this way. These elements do, in fact, play an important influence. But suppose a different scenario.

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