"When things are going well, most of us spend all of our time high-fiving and celebrating, whereas when things go sour, we turn to sulking, worrying, and even panicking."
"Meanwhile, when the going gets tough for the toughest, smartest, and most successful people out there, they do something drastically different ... they learn from it. And that's what sets them apart."
"Take Benjamin Graham, for example ... He went bankrupt three separate times as an investor. But each time, he documented and studied his failures, and he was eventually able to impart this investment wisdom to countless others -- including Warren Buffett, who in turn learned from his own mistakes and failures. Early in Buffett's career, he mistakenly believed he could save a failing textile mill. After being forced to liquidate its textile operations, Buffett learned to pay up for quality and turned that company into a $170 billion legend."
"Another great example is Pixar's John Lasseter. After graduating from college, Disney hired him and gave him a shot at being an animator, and he quickly recognized the ability of new computer technologies to revolutionize animation. But Disney was so unimpressed with his first feature that they fired him on the spot. So Lasseter literally went back to the drawing board. After fine-tuning his process, he went on to found Pixar, win two Academy Awards, and churn out a string of blockbuster hits that included Toy Story, A Bug's Life, and Cars. Oh, and let's not forget, he and Steve Jobs later sold Pixar to Disney for a cool $7.4 billion."
Quoted from an article written by Austin Edwards, Motley Fool, 27 October 2008.
No comments:
Post a Comment