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About this quote

What does it mean?
Galbraith observes that people often justify their success by claiming virtue caused it. This overlooks luck or external factors.
In plain terms
People think their good fortune proves they are virtuous.
What can you take from it?
Success does not always prove personal virtue or merit.

Where it applies

  • self-reflection
  • social analysis
  • ethics

Putting it to work

  • assess luck in success
  • avoid moralizing wealth

Questions to consider

  • Does success prove merit?
  • How much is luck?

Another view

Hard work often does contribute to good fortune.

More from John Kenneth Galbraith

  1. The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

    Permalink to quote #52
  2. There's a certain part of the contented majority who love anybody who is worth a billion dollars.

    Permalink to quote #54
  3. We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

    Permalink to quote #51

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