Success and failure in life are not solely attributed to hard work or laziness. Extreme outcomes often hinge on a fine line between boldness and recklessness, determined by slight decisions or external factors like a customer's choice or a judge's ruling. The element of luck plays a significant role, influenced by uncontrollable factors such as where, when, and to whom one is born. Luck encompasses birth circumstances like country, generation, and parents, which greatly influence life outcomes. It is a misconception that success is solely a result of working hard to get lucky, as true luck lies in uncontrollable factors. The disparity between successful and less successful individuals often stems from luck rather than intellect or information, as the latter may have faced unfavorable risks in life.