Study success more than failure; learn from successful people

Do we learn more from failure or success?

We can learn from both, but the most valuable lessons come from studying successes.

Here’s why: In most situations, there are multiple ways to fail, but few ways to succeed. When you study failure you may learn what won’t work but not discover what will work. 

It’s also wise to try to duplicate a success experience before you invest heavily into adopting its fundamentals and scaling it up. The initial success may have been a one-off, or you may be confusing correlation with causation.

When studying success, look for basic fundamentals and avoid small, unique factors.

Also, learn from successful people. If you’re interested in investing your money, learn from Warren Buffet. He’s the most successful investor of all times. Don’t rely on the guy on radio who’s droning on and on about how to invest.

Herein is a “shortcut” to success—study and emulate successful people.

6 Replies to “Study success more than failure; learn from successful people”

  1. Yes Learn from Successful people.

    Don: I had a Realtor Instructor who said: “Always look for the Golden Nugget
    from anyone your meet, especially those, who through experience have
    earned a lot of Positive Wisdom.

  2. Don,
    Your comment about the “radio” is spot on. My suggestion is to study Joseph. My friend told me this: There are a number of principles of success to be learned from Joseph’s success story. First of all, as he languished in prison he embraced the moment. Second, he never allowed the vision of success to cloud his vision of what was ethically right. Third, he adapted himself to his changing situations rather than exerting his energies in fighting them. Fourth, he saw in every problem a possibility. Fifth, he knew how to snatch victory from the jaws of defeat. Sixth, he knew there was no substitute for hard work. And seventh, long before Paul told the slaves of his day, “Work hard and cheerfully at whatever you do, as though you were working for the Lord rather than for people”, Joseph did it.

    1. Ed, what a great summary of the life of Joseph. Thanks. I thoroughly enjoyed getting to know you and Mary on the trip. Don

Leave a Reply

Your email address will not be published. Required fields are marked *