That's a nice quote but I wonder if something was lost in translation. "Preparation" seems too "point-in-time", like you do X, Y, Z and you are ready.. which doesn't seem right.
Opportunities in life are moving targets, there is no way to be "prepared" at any point in time. I think a better way to say this would be "Luck is what happens when momentum meets opportunity".
So you are engaged with something (like running a SaaS company), something happens (like one of your large competitors goes out of business) and your activities up to that point put you in a spot that makes it possible to benefit from that event.
Opportunities in life are moving targets, there is no way to be "prepared" at any point in time. I think a better way to say this would be "Luck is what happens when momentum meets opportunity".
So you are engaged with something (like running a SaaS company), something happens (like one of your large competitors goes out of business) and your activities up to that point put you in a spot that makes it possible to benefit from that event.