The Luck of the Irish
Posted March 16, 2018 by Joshua M Brown
Happy almost St. Patrick’s Day.
The word luck is of Dutch origin and probably dates from the 1500’s when it was shortened from the word gheluc, meaning “happiness, good fortune.” It did not become associated with the Irish in Ireland. “The luck of the Irish” is a phrase that has actually been traced back to 1800’s California during the gold rush, when it became apparent to the thousands of unlucky prospectors that many of those who’d struck it rich were of Irish descent.
I’m feeling pretty lucky in California myself right about now and wanted to write it down here while I felt this way. It’s been an incredible week for my team and I out here. We’re extremely fortunate in the opportunities we have. I’m overcome with gratitude to all of the people and factors that have come together to make it all possible.
I’m lucky to have the chance to participate in events like the first Research Affiliates Advisor Symposium, where I spoke in between investment industry giants Jason Hsu and Rob Arnott on Wednesday morning. I’ve learned so much from their writing and research throughout my career, so the chance to appear on stage for this firm was nothing short of miraculous to me. They put on an awesome event.
I’m lucky to have friends in the advisory and financial industry all over America. Everywhere I go I get to check in with some of the most intelligent, caring and forward-thinking people in this business. What we all tend to have in common is a desire to stay on top of the latest trends and to never stop learning. It was a pleasure hanging out with my friends Mike Lambrakis (Advice Period), Mebane Faber (Cambria Asset Management), Bob Seawright (Madison Avenue), Tom Lydon (ETF Trends), Ben Johnson (Morningstar) and whole host of colleagues this week in SoCal.
I’m lucky to have the smartest clients I could ever ask for. The families we serve are self-selecting, finding us as they do on the web and through reading our blogs and columns. They’re bright, engaged, intellectually curious and totally get what we stand for and how we think about investing. They’ve got a wide array of interests and come from all walks of life. And when we get to visit people we don’t get to see very often in New York, it’s always emotionally and spiritually rewarding in so many ways. We have been entrusted to safeguard their financial freedom and future security, it’s a responsibility we live for.
I’m lucky to have partners like Kris and Mike, who are incredible people and bring so much to the table for Barry and I, allowing us to be so much more to our readers and fans. Kris is an empathy machine, one of the most naturally gifted humanists I’ve ever met. He loves people, spending time with them, understanding what makes them tick and helping them find solutions to their concerns and issues – the level at which he cares cannot be taught and it can’t be faked. Michael is a rare animal – as smart and insightful as he is humble and self-deprecating. He calls himself “irrelevant” right in the name of his blog, and has only ever used his abilities with research to enlighten and entertain. I don’t know what amazing confluence of cosmic caprice arranged things so that we’d find each other, but it’s the become the defining stroke of luck in my career.
Anyway, I wanted to get this all down in print while I’m feeling it, because I’m thinking moments like these are probably too special to taker for granted. I want to thank everyone who came out to see us in California, all of the people who scheduled events and opportunities for us throughout the course of the week and our clients for sharing their time and thoughts with us up and down the coast. It’s been quite an adventure – we’ll be back again soon!
Some pics below…
Breakfast at the Coliseum at Pelican Hill.
When we met Gary Pulford in Newport Beach, we knew we finally had the right advisor to open Ritholtz Wealth’s first California office.
This is the building we’re in, it’s on Newport Center Drive right in the heart of everything.
Thanks so much to Scot at Google LA for having me in do a Talk @ Google, which will be broadcast on Youtube in the coming days.
The fabled Google lunch spread – it’s everything you’ve heard about and more. Kris almost had a meltdown lol.
Getting off the elevator and seeing this for the first time was so cool. I got a little emotional, can’t lie.
The skate bowl at Venice Beach. No, I didn’t shred.
One of the most beautiful restaurants I’ve ever seen – Farmhouse at Roger’s Garden.
I was Rob Arnott’s opening act at the Symposium, unbelievable!
This LA Live thing they’ve built outside the Staples Center is pretty magnificent.
That’s my little brother on the far left and my cousin on the far right. They took to me to celebrity hotspot Catch LA in West Hollywood, you wouldn’t believe what was going on in this place.
The coolest thing about Google LA is how all the meeting rooms are named for movies set in the city. The auditorium I spoke in was The Big Lebowski, which…oh man.
Getting some work done outside on Tuesday across from Fashion Island. What a lifestyle these people lead. What am I doing in New York?
Rolling top down with my pal Tom Lydon and our new friend Brian Lichtor.
Shout to Meb Faber and Bob Seawright, two of the smartest people I know and great investment bloggers.
I did my presentation for a great audience of financial advisors and explained why the investment business is really a communications business.
Michael and I taking in the Redwings vs Kings game at center ice. We have no idea what’s going on, but live hockey is pretty great.
The view from Ritholtz Wealth Management in Newport Beach. That’s PIMCO on the left and Research Affiliates on the right. How’s that for inspiration?The Luck of the Irish Posted March 16, 2018 by Joshua M Brown Happy almost St. Patrick’s Day. The word luck is of Dutch origin and probably dates from the 1500’s when it was shortened from
“Luck of the Irish” is an Old Mining Expression
In time for St. Patrick’s Day, everyone at Wordnik started wondering about the origins of luck-related words.
1. Luck of the Irish
The phrase luck of the Irish is commonly thought to mean “extreme good fortune.” However, according to Edward T. O’Donnell, an Associate Professor of History at Holy Cross College and author of 1001 Things Everyone Should Know About Irish American History, the term has not an Irish origin but “a happier, if not altogether positive,” American one.
“During the gold and silver rush years in the second half of the 19th century, a number of the most famous and successful miners were of Irish and Irish American birth. . . .Over time this association of the Irish with mining fortunes led to the expression ‘luck of the Irish.’ Of course, it carried with it a certain tone of derision, as if to say, only by sheer luck, as opposed to brains, could these fools succeed.”
The word luck is Middle Dutch in origin, coming from luc, a shortening of gheluc, “happiness, good fortune.”
Luck may have been borrowed into English in the 15th century as a gambling term. (Draw an ambsace, or double aces? Then you’re S.O.L.—a phrase which originated as World War I military slang.)
Potluck, now mostly associated with “a meal consisting of whatever guests have brought,” originally meant “what may chance to be in the pot, in provision for a meal; hence, a meal at which no special preparation has been made for guests.” And while potluck bears a striking resemblance to potlatch, a Native American “feast, often lasting several days,” according to the Word Detective, “there is no actual connection between the words.”
Hap is older than luck. Originating in the 12th century, the word comes from the Old Norse happ, meaning “chance, good luck.” Hap gives us happy, as well as haphazard, “chance; accidental; random”; hapless, “luckless, unfortunate”; and mishap, “misfortune.”
Auspicious, “of good omen; betokening success,” comes from the Latin auspicium, “divination by observing the flight of birds.” In ancient Rome, an augur was “a functionary whose duty it was to observe and to interpret, according to traditional rules, the auspices, or reputed natural signs concerning future events.” An auspex was an augur “who interpreted omens derived from the observation of birds.” To auspicate means “to initiate or inaugurate with ceremonies calculated to insure good luck.”
A luckdragon, “a fictitious flying dragon with a wingless elongated body, possessing neither magical talent nor immense physical strength, but distinctive in its unfailing serendipity,” is a meme based on the character from the film, The Neverending Story.
A lucky-penny is “a small sum given back ‘for luck’ to the purchaser or payer by the person who receives money in a bargain or other transaction,” as well as “a copper tossed overboard ‘for luck.’”
A lucky-bag is “a receptacle on a man-of-war for all clothes and other articles of private property carelessly left by their owners,” so-called because these articles “were later auctioned off,” says A Sailor’s History of the U.S. Navy, “thereby making those Sailors fortunate enough to obtain new items for relatively little money ‘lucky.’” Another definition of lucky-bag is similar to that of grab bag or goody bag.
Want to wish someone good luck? Prosit! you might say over drinks. Prosit means “good luck to you,” and comes from the Latin, by way of German, pr?sit, “may it benefit.”
Or — and this seems particularly appropriate during the NCAA Tournament — you could get your own mascot, “a thing supposed to bring good luck to its possessor; a person whose presence is supposed to be a cause of good fortune.” The word mascot comes from the French mascotte, “sorcerer’s charm,” which ultimately comes from the Medieval Latin masca, “mask, specter, witch.”"It carried with it a certain tone of derision." ]]>