18 Learn from failures
We learn a great deal from failures. We all do and we all fail even though we often hide this from others. The reason we learn so much is that failures are very emotional experiences where we discover that some of the key assumptions on which we were relying are incorrect. We can then replace those weak assumptions with stronger correct assumptions and learn valuable lessons.
Wise people learn from the failures of others and gain the same benefits without the costs of experiencing the failures themselves. How do you learn from your or others’ failures? When we replace weak assumptions with stronger ones, we will be spared repeating failures.
We can learn from failures and even turn them into successes.
Check out this article from the Harvard Business Review titled: “Why I Hire People Who Fail” by Jeff Stibel
“I’ve made billions of dollars of failures at Amazon.com. Literally. None of these things are fun, but they also don’t matter. What matters is that companies that don’t continue to experiment or embrace failure eventually get in the position where the only thing they can do is make a Hail Mary bet at the end of their corporate existence.” — Amazon’s Jeff…
