4 Ways to Guarantee Failure

  1. Be unreliable

  2. Learn everything from your own experiences rather than learning from others

  3. Give up trying after your first, second, and third reversal of fortune

  4. Give in to fuzzy thinking

This is an excerpt that I got from my favorite podcast founders that had an episode talking about Charlie Munger who is an American billionaire most notably known for being the vice chairman of Berkshire Hathaway.

The reason this stood out to me is because it is very simple advice and it is very practical. One of the major aspects that most people focus on is finding a way to be successful in life and they will look for any way to be successful. The problem is that there are so many different ways to be successful it may be hard to actually find the path that works best for you. So it is beneficial to know how to avoid failure to give you more opportunities to have success throughout your life.

My approach to help minimize my risk of having failure in the future:

  1. Always show up

  2. Learn how to learn from everyone whether it is good or bad

  3. Do not give up if it is something you truly care about

  4. Figure out why you think the way you do and then provide some evidence for this thought process

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