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You mean you can learn from other people’s mistakes?
By Singapore Man of Leisure  •  February 4, 2014
Maybe it's just me. You mean you really can learn from other people's mistakes? If you are a smoker, what do you see when you buy a pack of cigarettes? Do you learn from the mistakes of others that's pasted in graphic gory details screaming right in your face? If you are trying your luck at the casinos, you mean you never read or heard about stories how careers or families were ruined by excessive gambling? If you are contemplating borrowing from "ah longs" (illegal money lenders), please don't bluff you never saw the O$P$ (owe money pay money) "works of art" at our HDB estates? Not even in the media? When you ventured into investing, you never heard of people losing most of their life savings? And I don't mean speculators. These are honest to goodness salt of the earth savers who dollar cost averaged into equities. They just happened to need to draw on their investments during 1997/98, or 2008/09 for their retirement, immigration, or to bail-out their grown-up "children"... When you quit your job and jump into the sea of entrepreneurship, surely you must know 90% of new business fold during their first 2 years? You mean these "failed" or "bankrupt" entrepreneurs never learned/read/attended a seminar about the common mistakes of starting a business? So what do we really mean when we say we can from the mistakes of others? Or is this more about say say only? Regurgitating what we know instead of what we knew personally? Just look back to your most memorable epiphanies, mind-flips, or "ah-ha!" moments. Were the catalysts something you have read, saw, or heard? Or were they more likely to be when you got your fingers burnt, or when the needle finally pricked your own skin?
Singapore Man of Leisure (welcome to my blog; just google it!)
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By Singapore Man of Leisure
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