There is no failure, only feedback.
A new quote I added to my Favorite Quotes page (from Art De Vany’s website):
"Complex systems don't have causes. There are just patterns and at any point one's state of health can move randomly onto a new path. It is not the particular path that one should think about. You move over an ensemble of possible paths, conditional on how you live and the choices you make. All you can do is to try to influence the distribution of possibilities. You can never set the particular path or outcome that will be yours from this time forward. If you think you can look back and see some cause of events, you are probably suffering hindsight bias or what I call complexity blindness.
Think of the freedom this view gives you. There is no possibility of failure because you only control your actions and they only influence the probable evolution of your life over stochastic future paths. There is no failure, only feedback." –Art De Vany
- Notes From Tim Harford's Book "adapt"
Via Farnam Street: Biologists have a word for the way in which solutions emerge from failure: evolution. ... Disconcertingly, given our instinctive belief that complex problems require expertly designed solutions, it is completely unplanned. Astounding...
- The Road To Business Success: A Talk To Young Men - By Andrew Carnegie (june 1885)
Let me indicate two or three conditions essential to success. Do not be afraid that I am going to moralize, or inflict a homily upon you. I speak upon the subject only from the view of a man of the world, desirous of aiding you to ...
- Excerpt From The New Evolution Diet
Nassim Taleb also wrote about a 10 page section at the end of De Vany's book.We tend to simplify what otherwise seems overwhelmingly complicated. But as we now know, our metabolic function is infinitely complex. I found myself using concepts from...
- Patience And Finance – By Andrew Haldane
In the East, it is said:“One moment of patience may ward off great disaster One moment of impatience may ruin a whole life” [Chinese Proverb]In the West, it is said:“I often make more money when I am snoozing than when I am active” [Warren Buffett]These...
- Don't Let Mr. Market Be Your Coach
One of my high school basketball coaches was a real nightmare. Any mistake you made on the court -- an errant pass, a weakly-set screen, a poorly chosen shot -- quickly landed you a spot on the bench, followed by a rather loud commentary detailing exactly...