How To Get Lucky – Max Gunther

Leaving part of oneself or one’s money behind is an experience that troubles everybody to some extent, but the chronic loser is troubled more than other men and women. The affliction is crippling. Unless the loser overcomes it, he is all but certain to remain a loser – and a loser not just in the investment world. This kind of person will get taken to the cleaner’s in a poker game, for example. To be lucky in this game you must discard bad hands when you get them. This always means that you must leave some of your money behind in the pot, and it hurts – but you must do it or go broke.

The loser cannot bear to do it. Instead, this unlucky player gets stuck with whatever unplayable hands fate and the dealer want to hand out. The same loser is likely to get stuck in soured love affairs, for essentially the same reason. “I’ve given so much of myself to this relationship. I’ve worked at it so hard. All that time, energy and commitment – how can I just abandon it?” And you often find the same loser trapped in job situations that have been hit by hard luck.

Eric Wachtel, the management consultant and executive recruiter, observes that people will sometimes allow themselves to be trapped by concerns that are really quite trivial. “Pensions, for instance,” Wachtel says. “I once approached a woman about a potentially terrific new career opportunity. It could have changed her life. She was going no place where she was. But she wasn’t interested. She said, ‘No, I’ve got X years invested in this job.

Another couple of years and I’ll qualify for a pension.’ It wasn’t much of a pension, but just because she wasn’t willing to abandon it, she passed up a chance of a lifetime.” Wachtel reports that the woman remained dead-ended in the job he tried to lure her away from. Bad luck changed to worse luck. Her discouragement was reflected in her work, which grew careless. Finally she was fired. She undoubtedly felt bitter about her bad luck, but she could have discarded it.

Another reason why luck selection is difficult for most is that it often requires a painful confession: “I was wrong.” To return to Wall Street for a simple example, let’s say you’ve bought a stock at one hundred dollars and it has slumped to ninety dollars. Obviously, buying it was a mistake.

The Factor Nobody Talks About Part II: The Techniques of Lucky Positioning The First Technique: Making the Luck/Planning Distinction The Second Technique: Finding the Fast Flow The Third Technique: Risk Spooning The Fourth Technique: Run Cutting The Fifth Technique: Luck Selection The Sixth Technique: The Zigzag Path The Seventh Technique: Constructive Supernaturalism The Eighth Technique: Worst-Case Analysis The Ninth Technique: The Closed Mouth The Tenth Technique: Recognizing a Nonlesson The Eleventh Technique: Accepting an Unfair Universe The Twelfth Technique: The Juggling Act The Thirteenth Technique: Destiny Pairing Getting Lucky: Putting the Thirteen Techniques Together Other titles by Max Gunther All available from Harriman House OceanofPDF.com Legal HARRIMAN HOUSE LTD 3A Penns Road Petersfield Hampshire GU32 2EW GREAT BRITAIN Tel: +44 (0)1730 233870 Fax: +44 (0)1730 233880 Email: [email protected] Website: www.harriman-house.com First published in 1986 Published in this edition 2010 Copyright © 1986 Max Gunther Design copyright © 2010 Harriman House The right of Max Gunther to be identified as author has been asserted in accordance with the Copyright, Design and Patents Acts 1988.

ISBN: 978-0-85719-043-7 British Library Cataloguing in Publication Data A CIP catalogue record for this book can be obtained from the British Library. All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published without the prior written consent of the Publisher.

No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this book can be accepted by the Publisher or by the Estate of the Author. OceanofPDF.com Editor’s Note How To Get Lucky was originally published in 1986 and is one of a series of books by Max Gunther extolling, as he saw it, the concept of lucky living.

His first title in this area, The Luck Factor, looked at why some people might be luckier than others and this follow-on title suggests possible steps you might attempt to potentially improve your luck. The techniques themselves may have some weird and wonderful names, but we have deliberately reproduced this lost classic in its original, unchanged form and with it we hope to bring a little luck into your life.

Harriman House, 2010 OceanofPDF.com Part I: The Commanding Factor OceanofPDF.com The Supreme Insult William S. Hoffman was a gambler but not a successful one. He wrote a book about his life entitled The Loser.

This is a short excerpt from the opening of “” by Unknown, quoted for review and introduction purposes. All rights belong to the copyright holders.

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