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I know Teddy Kennedy had fun at the Democratic convention when he said that I said that trees and vegetation caused 80 percent of the air pollution in this country. ... Well, now he was a little wrong about what I said. I didn't say 80 percent. I said 92 percent-93 percent, pardon me. And I didn't say air pollution, I said oxides of nitrogen. Growing and decaying vegetation in this land are responsible for 93 percent of the oxides of nitrogen. ... If we are totally successful and can eliminate all the manmade oxides of nitrogen, we'll still have 93 percent as much as we have in the air today.
People really don't like to hear success explained away as luck — especially successful people. As they age, and succeed, people feel their success was somehow inevitable. They don't want to acknowledge the role played by accident in their lives. There is a reason for this: the world does not want to acknowledge it either. If you use better data, you can find better values; there are always market inefficiencies to exploit, and so on. But it has a broader and less practical message: don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation.