Emerson argues that what appears to be good fortune may often be the result of sustained effort and a clear sense of purpose. A person who continues working towards an aim is more likely to encounter opportunities, learn from setbacks and remain active long enough for favourable results to emerge. From the outside, those results may be described simply as luck.

Within Wealth, the statement reflects Emerson’s broader emphasis on industry, practical ability and perseverance as sources of material success. His wording is deliberately absolute and does not mean that chance, inherited advantage or external circumstances never affect outcomes. Rather, he challenges the tendency to explain success only by fortune. The quotation presents tenacity as a significant factor because persistent effort increases the possibility that opportunities can be recognised and used when they arise.