In this quote from "Hamlet," Shakespeare conveys the idea that true fortune favors those who possess both wisdom and the strength of character. The phrase "blood and judgment are so well commingled" suggests an ideal balance between passion and reason. Such individuals are not merely subject to external circumstances, represented by "fortune's finger," but instead, they have the agency to influence their own destinies.
Moreover, the imagery of a pipe illustrates that those lacking this balance can be easily manipulated by fate, allowing fortune to dictate their lives. Shakespeare emphasizes the importance of self-governance and the power of personal discernment, portraying those who can harmonize their emotions with rational thought as truly blessed and capable of navigating life's uncertainties.