塞翁失马出自西汉的《淮南子·人间训》：「近塞上之人有善术者，马无故亡而入胡。」边塞上一位老人丢了马，邻居来安慰，他却说：「此何遽不为福乎？」意思是：这怎么就不会变成好事呢？后人把这个故事概括为「塞翁失马，焉知非福」。

The story comes from the chapter Ren Jian Xun of the Huainanzi, from the Western Han dynasty: an old man living near the frontier lost his horse, which ran off beyond the border. When his neighbours came to comfort him, he asked how they could be sure this would not turn out to be a blessing. Later generations summed up the story as: the old man lost his horse, but who knows if it is not good fortune?

《淮南子》是西汉淮南王刘安召集门客编写的一部书，书里收了许多这样的小故事。「塞翁失马」讲的是福与祸可以互相转化，这种看法和《老子》里「祸兮福之所倚，福兮祸之所伏」的思想一脉相承。

The Huainanzi was compiled by scholars gathered by Liu An, the King of Huainan, in the Western Han dynasty, and it contains many short stories like this one. The idea that good and bad fortune can turn into each other echoes a famous line from the Laozi: misfortune is what good fortune leans on, and good fortune is where misfortune hides.

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