This quote suggests that luck or fortune can have a significant impact on a person’s life. When fortune "smiles" on someone, it means that they are receiving good luck or favorable circumstances. The quote implies that these fortunate individuals can turn any situation, even those that may seem negative or challenging, to their advantage.

This idea is rooted in the belief that luck isn’t just about the good things that randomly happen to us, but also about the ability to seize opportunities, even in adversity. It suggests that those who are favored by fortune have the ability to turn any circumstance into a beneficial one, because they possess the right mindset, resilience, and resourcefulness.

Applying this quote to today’s world, we could think about successful entrepreneurs or innovators. Often, they face numerous challenges and failures, but because they have the right mindset – a mindset of growth, positivity, and resilience – they are able to turn these challenges into stepping stones for success. They are the ones on whom fortune "smiles", not necessarily because they have more luck, but because they have the ability to make the best out of what they have.

In terms of personal development, this quote can inspire us to cultivate this kind of mindset. It encourages us to view challenges as opportunities for growth, to remain resilient in the face of adversity, and to always look for the silver lining in any situation. It suggests that fortune or success isn’t just about the external circumstances that happen to us, but also about how we react to them and what we make out of them.

So, in essence, the quote is a reminder that fortune favors the brave, the resilient, and those who can turn any situation into an opportunity for growth and success.