“If life hands you a lemon adjust your rose colored glasses and start to selling pink lemonade.”
Anonymous, 1917, THE CONDUCTOR AND THE BRAKEMAN
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Related quotes
“When life gives you lemons, make lemonade”
Variant: When fate hands you lemons, make lemonade.

“When life gives you lemons, make lemonade”

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Man with No Name: Turn Lemons Into Lemonade

“When fate hands us a lemon, let's try to make lemonade.”

“He picked up the lemons that Fate had sent him and started a lemonade-stand.”
Hubbard, Elbert (1922). Selected Writings of Elbert Hubbard. V. Wm. H. Wise & Co./The Roycrofters. p. 237.
Often quoted as "When life gives you lemons, make lemonade"
Also: A genius is a man who takes the lemons that Fate hands him and starts a lemonade stand with them. (As quoted in Reader's Digest (October 1927) http://archive.org/details/ReadersDigestno.66October1927, p. 343).

They Call Me Tater Salad
Variant: I believe that if life gives you lemons, you should make lemonade. And try to find somebody whose life has given them vodka, and have a party.
Source: I Had the Right to Remain Silent...But I Didn't Have the Ability