Mohnish Pabrai Quotes
Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.
Topics
Failure, Failures
Growth
Success
Teacher, Teachers
Wisdom
Error Correction
Humility
Insight
Personal Experience
Trial & Error, Trial and Error
Best
Education, Knowledge & Training
Experiential Learning
Failure Analysis
Knowledge Acquisition
Learning From Mistakes
Self-Reflection
Vicarious Experience
Vicarious Learning
Self-Improvement
Failure Lessons
Citations
Pabrai, Mohnish. The Dhandho Investor: The Low-Risk Value Method to High Returns. John Wiley & Sons, 2007.
Related Quotes
Actually learning psychology has demonstrated that learning can take place with success or failure, the learning is faster and more effective if the reinforcement is positive—not negative.
Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist.