A Quote by Dilip Shanghvi
Personally, I feel that a company which looks at problems of other companies and learns from their mistakes is a successful one.
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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.
If I ran the whole place like it was my way or the highway, we would not be as good a company. I'm going to have mistakes - they'll be made on my watch and will embarrass me. But I'll also make sure the company learns from them so it can become a better company.
Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.
It's said that a wise person learns from his mistakes. A wiser one learns from others' mistakes. But the wisest person of all learns from others's successes.
Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.
A Christian marriage is [not] one with no problems or even a marriage with fewer problems. (It may well mean more problems.) But it does mean a life in which two people are able to accept each other and love each other in the midst of problems and fears. It means a marriage in which selfish people can accept selfish people without constantly trying to change them -- and even accept themselves, because they realize personally that they have been accepted by Christ.
When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.
Where you have complexity, by nature you can have fraud and mistakes. You'll have more of that than in a company that shovels sand from a river and sells it. This will always be true of financial companies, including ones run by governments. If you want accurate numbers from financial companies, you're in the wrong world.
Learning from mistakes and constantly improving products is a key in all successful companies.
When you grow up and you start having all these problems and your little sister gets pregnant, you're dealing with all these money problems and bills and the company, you ain't going to want to talk about that. Or maybe you will, but me personally, I just can't do that.
To do something that you feel in your heart that's great, you need to make a lot of mistakes. Anything that's successful is a series of mistakes.
Children learn what they live.
If a child lives with criticism... he learns to condemn.
If he lives with hostility... he learns to fight.
If he lives with ridicule... he learns to be shy.
If he lives with shame... he learns to be guilty.
If he lives with tolerance... he learns confidence.
If he lives with praise... he learns to appreciate.
If he lives with fairness... he learns about justice
I feel like I went through the Great Depression. All these companies are being successful around you, you're on that track, and then the market collapses, and you're out of a job. You're trying to save your investors' investment, and it doesn't work, and you sell the company for nothing. It was brutal.
It's not that you don't want to earn as much money as you can - it is your obligation, of course - but companies have obligations beyond that and they certainly have obligations beyond that at certain times, in the times in which they operate. And they also certainly ought to know that meeting and beating expectations is probably yesterday's game and it will be increasingly so, which would be by the way very healthy for companies. Running a company that meets and beats expectations, and that runs their company accordingly, are companies that I would question why anyone would invest in.
I personally made lots of mistakes during my 10-12 years as a newspaper editor. Some of which I felt were big mistakes I have tried to address.
In Europe, we don't only take offence when one company is treating another company in a way that's illegal. We also look at if governments are joining up with companies that makes it more difficult for other companies. We also see that sometimes government actions can make it very difficult for businesses to compete on their merits.
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