At Berkshire Hathaway’s 2013 shareholders’ meeting, Warren Buffett said, “I’ve owned 400 to 500 companies’ stocks in my lifetime, but only about 10 of them made the most money.” His lifelong friend and investment partner, Charlie Munger, added, “With the exception of some of Berkshire Hathaway’s best investment practices, long-term performance is near-average.” Many people know Warren Buffett’s return on investment better than his mistakes or failures. It’s because of those 10 companies that he succeeded in investing. If there is a positive, there must be a negative. It’s better to prepare a realistic alternative in case you fail than to try to avoid failing. Humans are probabilistic beings. - Joseph’s “just my thoughts”
Don’t try to learn from failure... I’ve failed a lot, but I’ve never learned from it. It is a lie to say that you can learn from it even if you fail without fear of failure. It was when I struggled not to fail that I could learn. Failure is only something to accept; you will fail again if you try to learn something from it. Failure is not a tool for learning lessons. It’s not worth it. Human beings learn from unremitting efforts not to fail. Don’t be fooled by petty consolation... Life is short. - Joseph’s “just my thoughts”