because we all make mistakes

It’s helpful to think in terms of: it’s only play. We’re here to play. We’re here to have fun. And to use the feedback of, you know, sometimes failure is the thing you need to know to get to where you’re going. So if you try to solve a problem 10 ways and they all fail, you can either decide I’m a failure or you can decide, okay, I’m now 10

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you cannot learn from my mistakes, only from your own. I want to encourage, not discourage, your making your own.

To paraphrase Buffett and Munger – decision-making is not about making brilliant decisions, but avoiding terrible ones. Mistakes and dumb decisions are a fact of life and I’m going to make more, but as long as I can avoid the big or “fatal” ones I’m fine.

They think it means accept failure with dignity and move on. The better, more subtle interpretation is that failure is a manifestation of learning and exploration. If you aren’t experiencing failure, then you are making a far worse mistake: You are being driven by the desire to avoid it. And, for leaders especially, this strategy—trying to avoid

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