Failure: A checklist

Most people focus too much on how to get ahead by making the right decisions. An obsession with how to not fail can be a more effective mindset. Doing so requires knowing the behaviours that are likely to cause failure.

Here’s a checklist of bad decisions I’ve witnessed over the years:

Associate complexity with added value.

Surround yourself with people who agree with you or are too afraid to tell you-you're wrong.

Treat information that goes against what you believe as an attack on your intelligence.

Accept past correlations as a clean prediction of the future.

Study the habits of successful people. Ignore habits which require serious, time-consuming and mentally exhausting effort. Double down on those which mimic your current hobbies.

When you win, adjust your expectations upward by the same amount, ensuring that your ability to feel the joy of progress takes the form of a treadmill.

Consider a degree from a prestigious school as an entitlement to success.

Since failure is not an option, discount contingency plans.

Read the full article here: https://www.fool.com/investing/general/2016/01/28/failure-a-checklist.aspx

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From the desk of Aditya Khanduri

About me (Why I started Polygyan)