This quote essentially conveys the idea that luck, as a concept, is often only recognized when it brings about positive change. When things are going well, we tend to attribute it to ‘good luck’. However, when things are going poorly, we often don’t consider it ‘bad luck’, but rather attribute it to our own actions or external circumstances. In other words, we only notice the shift in our fortune when it changes for the better, hence the phrase “your luck changes only if it’s good.”

This quote also emphasizes the subjectivity of luck. What one person may consider ‘good’ luck, another may not. This is because luck is often intertwined with personal perception and interpretation. For instance, if a person who values stability wins the lottery, they may consider it good luck. However, another person who values anonymity and a quiet life may consider it bad luck due to the attention it brings.

In today’s world, this idea can be applied in various ways. In personal development, it encourages us to focus on the positive changes in our lives, rather than dwelling on the negative. It suggests that we should celebrate our ‘good luck’ when we experience positive change, and not be too quick to attribute negative outcomes to ‘bad luck’. This can foster a more optimistic outlook on life and encourage resilience in the face of adversity.

In a broader societal context, it can be seen as a commentary on how we often focus on success stories, without acknowledging the role of luck. We celebrate those who have ‘made it’, attributing their success to hard work or talent, while often downplaying the role of good fortune. This can create unrealistic expectations and pressure to succeed without acknowledging the role of external factors. It can also lead to victim-blaming, where those who are less fortunate are seen as simply not working hard enough, rather than acknowledging the role of ‘bad luck’ or systemic factors in their situation.

In conclusion, Nash’s quote is a reminder of the role of perspective in our interpretation of luck and success. It encourages us to acknowledge the role of good fortune in our achievements, while also recognizing that ‘bad luck’ is often not to blame for our failures. This nuanced understanding of luck can help us navigate life with more resilience, empathy, and realism.