Always try to learn from your errors!

I was watching Morning Express with Robin Meade, when a new clip came on about a man that shot mistletoe out of a tree in a parking lot.  Obviously he was arrested.  When they went on to interview him, apparently this had happened before when he shot mistletoe out of his neighbor’s tree the previous year.

Personally, if I were to get arrested for shooting mistletoe out of my neighbor’s tree, I certainly wouldn’t take my shotgun to a parking lot and try to shoot the mistletoe out of the tree in a public location!  When they showed the man talking on TV, it was pretty obvious that he wasn’t the most clever individual.

All of this leads up to the fact that if you error, you must learn from the experience or else you will continually lose and never get ahead personally or financially.  Most of us can’t play a perfect game in life and the stock market, even the investing legend Warren Buffett hasn’t played a perfect game!

I remember the first stock that I bought that went bust (or belly up)!  It’s was a small Canadian company call “New York Seltzer”, and while the company was questionable since part of their name was New York (even though they were based in Canada), their product was great!  So as a young teen with big dreams, I plopped down an even $200 in a company that I thought would expand and grow like crazy.  I was very, very wrong.

From my “New York” seltzer experience, I learned at a young age that sometimes having a great product isn’t enough.  Those that run the company are critical, and if you don’t have an “A+ team” running the company, then even with a great product, you can still lose!  Later, there was a company called SyQuest that also made a superior product (at the time) called Sparq drives.  I bought their product and loved it and considered buying stock in the company.  But then I looked at how it was run and the way they advertised their product and I decided not to take the leap!  This turned out to be a good move.

The point is that we all make mistakes, it’s part of being human, and life would be pretty dull if everybody was perfect.  But continually making the same or similar mistake is something to be avoided!  The man mentioned above should have learned from his mistakes last year, and if you aren’t sure about something, then Google it.  While Google doesn’t guarantee that the answer is correct, most of the time it will be if you read a few articles.

When you make an big mistake, think about and learn what happened and take corrective actions so it doesn’t happen again.

What do you do when you make mistakes?

MR

P.S. I know my title looks weird, but “Too Error” is actually a play on words, the real words phrase is “To Err”, but I thought it would be funny to error on the title (lol)…