Forgetting your mistakes is a terrible error if you are trying to improve your cognition.
-Charlie Munger
Smart people learn from others' mistakes. Regular people learn from their own. Dumb people? They keep repeating them.
Why do smart people learn from others’ mistakes? Easy—no pain, all gain.
Think of mistakes as lessons in what to avoid. The more pitfalls we dodge, the clearer the path to success becomes, because success isn't about being brilliant, it's about not being dumb.
We've all seen geniuses fail from avoidable mistakes.
Till the next spark, remember, learning what not to do can be more important than learning what to do!
It’s far easier to avoid stupid mistakes than it is to make life changing decisions. Charlie Munger was a king at this!