A Quote by Barry Ritholtz
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to 'own' them. This allows me to learn from them and, with any luck, avoid making the same errors again.
Related Quotes
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again.
Learn from your mistakes. The number one reason I see entrepreneurs failing isn’t because they make mistakes, but they keep on making the same ones over and over again. Learn from them and avoid making the same ones over again.
My first program taught me a lot about the errors that I was going to be making in the future, and also about how to find errors. That's sort of the story of my life, making errors and trying to recover from them. I try to get things correct. I probably obsess about not making too many mistakes.
Wise is the one who learns from another´s mistakes. Less wise is the one who learns only from his own mistakes. The fool keeps making the same mistakes again and again and never learns from them.
Fools you are who say you like to learn from your mistakes. I prefer to learn from the mistakes of others, and avoid the cost of my own.
Here's a memonic device that I feel teaches how we can properly cope with failure. Forget about your failures; don't dwell on past mistakes Anticipate failure; realize that we all make mistakes. Intensity in everything you do; never be a failure for lack of effort. Learn from your mistakes; don't repeat previous errors. Understand why you failed; diagnose your mistakes so as to not repeat them. Respond, don't react to errors; responding corrects mistakes while reacting magnifies them. Elevate your self-concept. It's OK to fail, everyone does; now how are you going to deal with the failure
In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
We can only learn from mistakes, by identifying them, determining their source, and correcting them... people learn more from their own mistakes than from the successes of others.
Spend the first six to 12 months building a great product or service that people love, rather than chasing investors. When the time comes to engage investors, you will be meeting them from a position of strength. This makes all the difference.
I think I made some mistakes, in different areas, but it's great to be working in a show again now, many years down the track. I have worked in many other different shows in Australia and I've been able to learn from my mistakes. I'm lucky that I made those mistakes early on in Australia, and I definitely won't make them again in the States, but you've got to learn that stuff.
Be proud of your mistakes. Well, proud may not be exactly the right word, but respect them, treasure them, be kind to them, learn from them. And, more than that, and more important than that, make them. Make mistakes. Make great mistakes, make wonderful mistakes, make glorious mistakes. Better to make a hundred mistakes than to stare at a blank piece of paper too scared to do anything wrong.
I believe that our society's "mistake-phobia" is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested and those who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning.
I have learned all kinds of things from my many mistakes. The one thing I never learn to stop making them.
One should never learn from one's mistakes. Making the same mistakes, over and over again, is a source of unremitting pleasure.
... I don't think anybody should avoid mistakes. If it is within their nature to make certain mistakes, I think they should make them, make the mistakes and find out what the cost of the mistake is, rather than to constantly keep avoiding it, and never really knowing exactly what the experience of it is, what the cost of it is, you know, and all the other facets of the mistake. I don't think that mistakes are that bad. I think that they should try and not do destructive things, but I don't think that a mistake is that serious a thing that one should be told what to do to avoid it.
I may have had many projects, but I never was free to carry out any of them. It did me little good to be holding the helm; no matter how strong my hands, the sudden and numerous waves were stronger still, and I was wise enough to yield to them rather than resist them obstinately and make the ship founder. Thus I never was truly my own master but was always ruled by circumstances.
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