You are mostly correct, but the “Luck” factor has a hidden variable in it: The ability to see and notice when you are lucky, often called “optimism”. If you are pessimistic, you will not notice when a lucky break happens, and the opportunity will pass you by, but you will erroneously blame your lack of success to your lack of luck, not your pessimism.
Agree with this. Also luck is a multiplier, not summative.
Success = Hard work * Luck * Recognition of opportunity
Success=100 * 0 * 100=ZERO
All your success depends on the luck you have. And luck is uncontrollable and unknowable, so nothing you do changes the chances of your success
Well, yes. I phrased it that way intentionally. It can even be negative.
But, we always have a choice to play a different game, with different parameters. That's actually where the recognition of opportunity comes into play even more strongly.
An optimist's life is still subject to roll of the dice. To say pessimist's do not notice luck is utterly foolish. In fact, I would say they cherish it more than the optimist who thinks thing swill always work out for the best.
I am neither optimist or pessimist. I only know that I should not use my luck to rule over the less lucky.