For most of my adult life my operating strategy has been:
1) Be open to multiple ideas and execute on the best ones
2) Keep doing what works
3) Stop doing and learn from what doesn’t
It occurs to me that no real growth can happen with each success, as by definition I’m not changing anything. Only when we make mistakes do we have a chance to reflect and grow.
Ray Dalio, one of the world’s most successful investors, is obsessed with post-game mistake analysis, and summarizes it as: “pain plus reflection equals progress.”