Lessons From Failure Quotes

Successful people have no fear of failure. But unsuccessful people do. Successful people have the resilience to face up to failure—learn the lessons and adapt from it.

Sifting through an urn of cremated remains you cannot tell if a person had successes, failures, grandchildren, felonies. “For you are dust, and to dust you shall return.

I can get my head turned by a good-looking guy as much as the next girl. But sexy doesn't impress me. Smart impresses me, strength of character impresses me. But most of all, I am impressed by kindness. Kindness, I think, comes from learning hard lessons well, from falling and picking yourself up. It comes from surviving failure and loss. It implies an understanding of the human condition, forgives its many flaws and quirks. When I see that in someone, it fills me with admiration.

Criticism is just someone else’s opinion. Even people who are experts in their fields are sometimes wrong. It is up to you to choose whether to believe some of it, none of it, or all of it. What you think is what counts.

Many times what we perceive as an error or failure is actually a gift. And eventually we find that lessons learned from that discouraging experience prove to be of great worth.

If there is one lesson I've learned from failure and success, it's this. I am not the outcome. I am never the result. I am only the effort.

We forget many times, but changes are not threatening as they are the only way to move forward.

Meet your failure as the bigger person, learn the lesson, make changes in your plan and work again.

No matter how dysfunctional your background, how broke or broken you are, where you are today, or what anyone else says, YOU MATTER, and your life matters!

Your customers are always changing and so are their values, perceptions, and needs. Having up-to-date knowledge about them will help you in satisfying their needs as well as delighting them.

To be successful, you have to embrace the change as change is the only constant thing in the business world.

The moment you will stop innovating, somebody else will make your product outdated and will become the market leader.

If people have tasted the convenience, ease, and time-saving effects of a product, they won’t go back.

Start the process of becoming more curious by being less judging and more understanding.

Learning about any kind of changes on time gives you a head start over your competitors which helps you not just in surviving the changes but also emerging as a leader in the end.

If you want to go big in the business world, you need to have the right product at the right time.

Most of the initial resistance comes from the inability to overcome this resistance that a new change brings in our lives.

Disagreements are an opportunity to grow and learn something new. It means that you don’t care if you're wrong as long as it helps you grow.

We regret more what we have not done than what we have done. So, be ready to fail!

Non-luxury buyers and luxury buyers shop products very differently because they have different needs.

Algorithms love showing you results that match your ideas, but they may or may not be true.

When you change your mind, it just shows that now you have got some new information and because of that new information, now your current understanding of the issue has changed and that’s why you now think differently.

I realized that the past failures had strengthened me, taught me that no one is immune from mistakes. True leaders must learn from their failures, use the lessons to motivate themselves, and not be afraid to try again or make the next tough decision.

You will only fail to learn if you do not learn from failing.

The failures and disappointment we sometimes encounter should never stop us from trying again. The lessons are valuable for what lies ahead.

The only real failure is failing to learn from failure.

I am, after all, an adult, a grown man, a useful human being, even though I lost the career that made me all these things. I won't make that mistake again.

The best lessons learned are from other peoples mistakes.

Life gives us experiences for personal development. Appreciate the lessons and be a learner.

pain is a teacher and failure is the highway to success.

Everyone had a lesson waiting, and they learned it with blood. Sometimes that's how it goes. People learn from failure and tragedy, not from success.

But failure in life is inevitable. It’s only a problem if we let it keep us from progressing.

The Bible NEVER flatters its heroes. It tells us the truth about each one of them in order that against the background of human breakdown and failure we may magnify the grace of God and recognize that it is the delight of the Spirit of God to work upon the platform of human impossibilities.

The only thing that separates success from failure is one last attempt. Try one more time and you will get lucky.

The biggest lesson of my life – self-respect comes from respecting others; it is a two-way street.

Sifting through an urn of cremated remains you cannot tell if a person had successes, failures, grandchildren, felonies. “For you are dust, and to dust you shall return.” As an adult human, your dust is the same as my dust, four to seven pounds of greyish ash and bone.

DBT's catchphrase of developing a life worth living means you're not just surviving; rather, you have good reasons for living. I'm also getting better at keeping another dialectic in mind: On the one hand, the disorder decimates all relationships and social functions, so you're basically wandering in the wasteland of your own failure, and yet you have to keep walking through it, gathering the small bits of life that can eventually go into creating a life worth living. To be in the desolate badlands while envisioning the lush tropics without being totally triggered again isn't easy, especially when life seems so effortless for everyone else.

I always try to remember that I am a work in progress. When I maintain that perspective, I realize that I don’t have to be perfect. I don’t have to have it all together. I don’t need to try to have all the answers. And I don’t need to learn everything in a day. When I make a mistake, it’s not because I’m a failure or worthless. I just didn’t do something right because I still haven’t improved enough in some part of the process. And that motivates me to keep growing and improving. If I don’t know something, it’s an opportunity to try to improve in a new area.

Failure is a sign post, directing the right road for life’s journey.

Excuses are the nails used to build a house of failure.

Some of the best lessons we ever learn, we learn from our mistakes and failures. The error of the past is the success and wisdom of the future.

We do not (and will not) have the resources to properly care for our increasing elderly population, yet we insist on medical intervention to keep them alive. To allow them to die would signal the failure of our supposedly infallible modern medical system.

All the failures in my life freed me from all my fears so that I can succeed.

Do not allow your inner doubts to keep you from achieving what you can do.

The obstacles were intended to be a distraction from the goal. You must keep a persistence focus to realise the goal.

True leaders must learn from their failures, use the lessons to motivate themselves, and not be afraid to try again or make the next tough decision.

Find a wise mentor. The mentor must have endured some setbacks, failures, and disappointments—for wisdom rarely is acquired without a storm.

Fear of failure destroys creativity.

The world is so big, so complicated, so replete with marvels and surprises that it takes years for most people to begin to notice that it is, also, irretrievably broken. We call this period of research “childhood.” There follows a program of renewed inquiry, often involuntary, into the nature and effects of mortality, entropy, heartbreak, violence, failure, cowardice, duplicity, cruelty, and grief; the researcher learns their histories, and their bitter lessons, by heart. Along the way, he or she discovers that the world has been broken for as long as anyone can remember, and struggles to reconcile this fact with the ache of cosmic nostalgia that arises, from time to time, in the researcher’s heart: an intimation of vanished glory, of lost wholeness, a memory of the world unbroken. We call the moment at which this ache first arises “adolescence.” The feeling haunts people all their lives. Everyone, sooner or later, gets a thorough schooling in brokenness.

We are the sum total of all our experiences, our lessons, our successes, our failures, our loves, our hates, from birth to death. And if those memories disappear, what then? Who are we?

Something important I have learned is patience, and turning each failure into a learning experience. ..Instead of calling them "failures" I call them "lessons". Instead of saying, "I failed at that," I say, "I learned from that." Each failure has taught me something incredibly valuable and by recognizing this I can see the hand of God in my life in situations where most people would feel abandoned by Him.

Tolerance for failure is a very specific part of the excellent company culture—and that lesson comes directly from the top. Champions have to make lots of tries and consequently suffer some failures or the organization won’t learn. Thomas J. Peters and Robert H. Waterman Jr. In Search of Excellence

If we fail to learn from our trials and errors then we truly fail.

Do one thing each day that makes you feel good. Keep moving, make mistakes, and challenge yourself. The lessons that lead to personal growth and clarity are inevitable.

It's necessary to experience some failure, to calibrate our appreciation of success.

You will make mistakes. I promise. Get used to that idea. Don't think of them as mistakes. Just file them away as methods that didn't work. Learn your lesson and move on. -- from Homegrown and Handmade

Son, life is like a book. It has numerous chapters. It also has many a lesson in it. It is made up of a wide variety of experiences and resembles a pendulum where success and failure, joy and sorrow are merely extremes of the central reality. The lessons to be learnt from success and failure are equally important. More often than not, failure and sorrow are bigger teachers than success and happiness.

One by one, I'll face the tasks before me and complete them as best I can. Focusing on each stride forward, but at the same time taking a long-range view, scanning the scenery as far ahead as I can. I am, after all, a long distance runner. My time, the rank I attain, my outward appearance - all of these are secondary. For a runner like me, what's really important is reaching the goal I set myself, under my own power. I give it everything I have, endure what needs enduring, and am able, in my own way, to be satisfied. From out of the failures and joys I always try to come away having grasped a concrete lesson. (It's got to be concrete, no matter how small it is.) And I hope that, over time, as one race follows another, in the end I'll reach a place I'm content with. Or maybe just catch a glimpse of it.

I had thought in those years, I suppose, having learned the lesson from my mother well, that it was foolish to ask for too much out of life, afterwards only to live in the wake of that expectation, an irreducible disappointment. But what pain, I thought now, could be greater than to realize that even the practical reality for which you had assumed to settle upon, did not hold – that even that was illusory? Would it not be better, then, to set your sights on some more fantastic and rare dream from which even in failing you might take some comfort in having once aspired?

Kindness, I think, comes from learning hard lessons well, from falling and picking yourself up. It comes from surviving failure and loss. It implies an understanding of the human condition, forgives its many flaws and quirks.

Surrender does not mean to sit and do nothing; nor does surrender mean to give up or relinquish your power. Surrender means you relax into acceptance of where you are and what is happening around you. You let your body release the tension and angst of you trying to control the outcome of how you think things should be. It is letting go, and letting it be so that whatever the situation or circumstance is trying to reveal to you can be shown to you.

Everything we know in aviation, every rule in the rule book, every procedure we have, we know because someone somewhere died . . . We have purchased at great cost, lessons literally bought with blood that we have to preserve as institutional knowledge and pass on to succeeding generations. We cannot have the moral failure of forgetting these lessons and have to relearn them.

But when it comes to most skills, failure is the only way to become better at something. Knitting teaches you that. You may have to unwind all of your stitches and start anew. That doesn’t mean you’ve wasted your time. You learn from every stitch, even those that don’t amount to anything. All writers should be made to knit a hat before they start writing a novel. It would help with understanding the importance of revision, and that the process is what can bring you the most

His accidental fortune was beyond calculation, to have been born in 1948 in placid Hampshire, not Ukraine or Poland in 1928, not to have been dragged from the synagogue steps in 1941 and brought here. His white-tiled cell – a piano lesson, a premature love affair, a missed education, a missing wife – was by comparison a luxury suite. If his life so far was a failure, as he often thought, it was in the face of history’s largesse.

Sooner or later, the man who learnt lessons from his failures will be the one to be sought first for guidance, counsel and formula on how to be successful in life's endeavours.

From attraction and affection Cover of perfection Failure beyond texture to a painful lesson Everything that was from the start wasn't from the heart

You will eventually recover from a defeat but you must never forget what it taught you.

But failure is not a sign of weakness. It is a sign that you are alive and growing.

Nothing else will show your true character than how you lose

Death represented a failure of the medical system; it would not be permitted to upset the patients or their families.

Learning from failure boosts a leader's chance of staying ahead of his standards. Leaders who rise quickly after falling are always stable.

First, fear will mock you, then fear will taunt you, then fear will oppose you, and if you ignore it, only then will it flee from you.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

Is there a difference between happiness and inner peace? Yes. Happiness depends on conditions being perceived as positive; inner peace does not. Is it not possible to attract only positive conditions into our life? If our attitude and our thinking are always positive, we would manifest only positive events and situations, wouldn’t we? Do you truly know what is positive and what is negative? Do you have the total picture? There have been many people for whom limitation, failure, loss, illness, or pain in whatever form turned out to be their greatest teacher. It taught them to let go of false self-images and superficial ego-dictated goals and desires. It gave them depth, humility, and compassion. It made them more real. Whenever anything negative happens to you, there is a deep lesson concealed within it, although you may not see it at the time. Even a brief illness or an accident can show you what is real and unreal in your life, what ultimately matters and what doesn’t. Seen from a higher perspective, conditions are always positive. To be more precise: they are neither positive nor negative. They are as they are. And when you live in complete acceptance of what is — which is the only sane way to live — there is no “good” or “bad” in your life anymore. There is only a higher good — which includes the “bad.” Seen from the perspective of the mind, however, there is good-bad, like-dislike, love-hate. Hence, in the Book of Genesis, it is said that Adam and Eve were no longer allowed to dwell in “paradise” when they “ate of the tree of the knowledge of good and evil.

Humans are really stupid. If we don't fall and get hurt, we won't learn our lesson. Just like a kid repeatedly falling. No matter how many times we fail, or how many times we've fallen. Humans will stand once again, smiling ruefully at our grazed knees before continuing onwards. This time we will not run from our pain.

The North Americans' sense of time is very special. They are short on patience. Everything must be quick, including food and sex, which the rest of the world treats ceremoniously. Gringos invented two terms that are untranslatable into most languages: “snack” and “quickie,” to refer to eating standing up and loving on the run . . . that, too, sometimes standing up. The most popular books are manuals: how to become a millionaire in ten easy lessons, how to lose fifteen pounds a week, how to recover from your divorce, and so on. People always go around looking for shortcuts, and ways to escape anything they consider unpleasant: ugliness, old age, weight, illness, poverty, and failure in any of its aspects.

When you are living by faith through the darkness of circumstances, other people become aware of the radiance and sweetness of your life, and they are truly blessed. When you refuse to admit your failure, God cannot be revealed through you to others, and they may be lost for eternity. Oh, the sin of unbelief has desperate consequences, not only for yourself, but for others!

The world is so big, so complicated, so replete with marvels and surprises that it takes years for most people to begin to notice that it is, also, irretrievably broken. We call this period of research “childhood.” There follows a program of renewed inquiry, often involuntary, into the nature and effects of mortality, entropy, heartbreak, violence, failure, cowardice, duplicity, cruelty, and grief; the researcher learns their histories, and their bitter lessons, by heart. Along the way, he or she discovers that the world has been broken for as long as anyone can remember, and struggles to reconcile this fact with the ache of cosmic nostalgia that arises, from time to time, in the researcher’s heart: an intimation of vanished glory, of lost wholeness, a memory of the world unbroken. We call the moment at which this ache first arises “adolescence.” The feeling haunts people all their lives. Everyone, sooner or later, gets a thorough schooling in brokenness. The question becomes: What to do with the pieces? Some people hunker down atop the local pile of ruins and make do, Bedouin tending their goats in the shade of shattered giants. Others set about breaking what remains of the world into bits ever smaller and more jagged, kicking through the rubble like kids running through piles of leaves. And some people, passing among the scattered pieces of that great overturned jigsaw puzzle, start to pick up a piece here, a piece there, with a vague yet irresistible notion that perhaps something might be done about putting the thing back together again. Two difficulties with this latter scheme at once present themselves. First of all, we have only ever glimpsed, as if through half-closed lids, the picture on the lid of the jigsaw puzzle box. Second, no matter how diligent we have been about picking up pieces along the way, we will never have anywhere near enough of them to finish the job. The most we can hope to accomplish with our handful of salvaged bits—the bittersweet harvest of observation and experience—is to build a little world of our own. A scale model of that mysterious original, unbroken, half—remembered. Of course the worlds we build out of our store of fragments can be only approximations, partial and inaccurate. As representations of the vanished whole that haunts us, they must be accounted failures. And yet in that very failure, in their gaps and inaccuracies, they may yet be faithful maps, accurate scale models, of this beautiful and broken world. We call these scale models “works of art.

A wise man knows how little he knows."   In life, there is no end to the lessons that can be learned. Wisdom is not a task that can be completed or a race that can be won. It is a constant development that lasts a lifetime. Every day is a chance to gain experience. Every mistake is an opportunity to learn something new.  To cease the pursuit of wisdom is to walk in a straight line through a dark forest. Arrogance refuses the help of maps or the guidance of others, forging onward and looking only in the direction ahead. Though signs point in warning, a foolish person is too blinded by pride to observe their surroundings — too oblivious to see the cliff's edge in front of them until it is too late.  The wisest study their successes to find what they should repeat, and study their failures to avoid the same

Democracy is based on Abraham Lincoln's principal than you 'can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time. If a government is corrupt and fails to improve people's lives, enough citizens will eventually realise this and replace the government. But government control of the media undermines Lincoln's logic, because it prevents citizens from realising the truth. Trough its monopoly over the media, the ruling oligarchy can repeatedly blame all its failures on others, and divert attention to external threats - either real or imaginary. When you live under such an oligarchy, there is always some crisis or other that takes priority over boring stuff such as healthcare and pollution. If the nation is facing external invasion or diabolical subversion, who has time to worry about overcrowded hospitals and polluted rivers? By manufacturing a never-ending stream of crises, a corrupt oligarchy can prolong its rule indefinitely.

I don't regret anything I've ever done in life, any choice that I've made. But I'm consumed with regret for the things I didn't do, the choices I didn't make, the things I didn't say. We spend so much time being afraid of failure, afraid of rejection. But regret is the thing we should fear most. Failure is an answer. Rejection is an answer. Regret is an eternal question you will never have to answer to. "What if..." "If only...""I wonder what would have..." You will never, never know, and it will haunt you for the rest of your days.

The only real issue with these people, besides the occasional hygiene challenge, was that they always seemed to embrace failure as a positive outcome. “I have not failed,” they’d endlessly quote Edison, “I’ve just found ten thousand ways that won’t work.” Which may be an acceptable thing to say in science but is absolutely the wrong thing to say to a roomful of investors looking for an immediate, high-ticket, chronic treatment for cancer. God save them from actual cures. Much harder to make money off someone who doesn’t have a problem anymore.

The lesson of history that all human rights are indivisible and that the failure to adhere to this principle jeopardizes the rights of all is particularly applicable here. A built-in hazard of an aggressive ethnocentric movement which disregards the interests of other disadvantaged groups is that it will become parochial and ultimately self-defeating in the face of hostile reactions, dwindling allies, and mounting frustrations...Only a broad movement for human rights can prevent the Black Revolution from becoming isolated and can insure ultimate success.

Unfortunately, parents who put a priority on saving kids from frustration and teachers who put a priority on challenging their students often butt heads, and consequently, the parent-teacher partnership has reached a breaking point. Teaching has become a push and pull between opposing forces in which parents want teachers to educate their children with increasing rigor, but reject those rigorous lessons as “too hard” or “too frustrating” for their children to endure. Parents rightly feel protective of their children’s self-esteem, but teachers too often bear the brunt of parental ire.

It is an inherent nature of life: Whenever success is in your reach, it tosses either an unexpected obstacle or an alluring offer, straight on your path. That unexpected manifestation, obstacle or offer, would either prompt you to press the panic button or distract your focus from your target. As you become busy dealing with the fresh situation, time, with its own flair, flies miles away from your reach, with the reward in offer. Those who endure, without getting disturbed by the obstacle or decoyed by the illusive offer, will reap the fruit. Others will flop, falling as victims to life’s conspiracy.

We look at our challenges—at our lessons—as things we master in order to achieve our goals. But the most important lessons in life sometimes have to do with what happens when we fail. How do we know when to surrender and walk away? How do we judge our own part in our failures? Is it something to learn from, or just bad luck? And how do we pick ourselves up again afterward? - Queen Breha Organa of Alderaan

Democracy is based on Abraham Lincoln’s principle that ‘you can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time’. If a government is corrupt and fails to improve people’s lives, enough citizens will eventually realise this and replace the government. But government control of the media undermines Lincoln’s logic, because it prevents citizens from realising the truth. Through its monopoly over the media, the ruling oligarchy can repeatedly blame all its failures on others, and divert attention to external threats – either real or imaginary.

Alfred P. Sloan, the legendary builder of General Motors, once said to a meeting of one of his top committees, 'Gentlemen, I take it we are all in complete agreement on the decision here?' Everyone around the table nodded. 'Then,' Sloan continued, 'I propose we postpone further discussion of this matter until our next meeting to give ourselves time to develop disagreement and perhaps gain some understanding of what the decision is all about

Much of the wisdom I have gained was gained through failure. I have failed an insane amount of times. And I've probably failed at everything it's possible to fail at. I've failed in every category of life - from family to money to business to marriage and more. I've had small failures, big failures, and even disastrous life-altering failures. I've even failed at some of the same things multiple times before I learned the lesson I needed to learn. I've had failures that cost me personally, failures that cost my family and friends, and even failures that cost a lot of people I never met. But with every failure, I gained new wisdom. And all of this failure has allowed me to cultivate success.

THESE ARE A FEW OF MY FAVORITE life lessons that I learned as a result of walking on the Moon and the preparation that took us there—the guiding principles that have helped keep me going since returning to Earth. • The sky is not the limit … there are footprints on the Moon! • Keep your mind open to possibilities. • Show me your friends, and I will show you your future. • Second comes right after first. • Write your own epitaph. • Maintain your spirit of adventure. • Failure is always an option. • Practice respect for all people. • Do what you believe is right even when others choose otherwise. • Trust your gut … and your instruments. • Laugh … a lot! • Keep a young mind-set at every age. • Help others go beyond where you have gone. I hope these lessons will be as helpful to you as they have been to me. Take it from a man who has walked on the Moon: Be careful what you dream—it just might come to pass, so be prepared. Apollo is the story of people at their best, working together for a common goal. We started with a dream, and we can do these kinds of things again. With a united effort and a great team, you too can achieve great things. I know, because I am living proof that no dream is too high!

I don’t regret anything I’ve ever done in life, any choice that I’ve made. But I’m consumed with regret for the things I didn’t do, the choices I didn’t make, the things I didn’t say. We spend so much time being afraid of failure, afraid of rejection. But regret is the thing we should fear most. Failure is an answer. Rejection is an answer. Regret is an eternal question you will never have the answer to. “What if…” “If only…” “I wonder what would have…” You will never, never know, and it will haunt you for the rest of your days.

What goes into our mind matters a lot to the success or failure of our lives. For so many people, what they heard triggered their steps that led them into discarding the real value of their lives. For so many people, what they heard became a spring board that shot the real value of their lives to a glorious height and for so many people, what they heard made them to choose never to do anything in life. Until you lose your hearing, you shall always hear. But, what you hear and what you deduce from what you hear must not just be distinctive but sound enough to make you take a distinctive step which will produce a distinctive footprint. If you fail to mind the seed of what goes into your mind today, you shall surely mind the fruits of what went into your mind yesterday tomorrow. Mind your mind!

How then should the state deal with terrorism? A successful counter-terrorism struggle should be conducted on three fronts. First, governments should focus on clandestine actions against the terror networks. Second, the media should keep things in perspective and avoid hysteria. The theatre of terror cannot succeed without publicity. Unfortunately, the media all too often provides this publicity for free. It obsessively reports terror attacks and greatly inflates their danger, because reports on terrorism sell newspapers much better than reports on diabetes or air pollution. The third front is the imagination of each and every one of us. Terrorists hold our imagination captive, and use it against us. Again and again we rehearse the terrorist attack on the stage of our mind – remembering 9/11 or the latest suicide bombings. The terrorists kill a hundred people – and cause 100 million to imagine that there is a murderer lurking behind every tree. It is the responsibility of every citizen to liberate his or her imagination from the terrorists, and to remind ourselves of the true dimensions of this threat. It is our own inner terror that prompts the media to obsess about terrorism, and the government to overreact. The success or failure of terrorism thus depends on us. If we allow our imagination to be captured by the terrorists, and then overreact to our own fears – terrorism will succeed. If we free our imagination from the terrorists, and react in a balanced and cool way – terrorism will fail.

Create a failure résumé. Most of us have a résumé—a written compendium of jobs, experiences, and credentials that demonstrate to prospective employers and clients how qualified, adept, and generally awesome we are. Tina Seelig, a professor of practice at Stanford University, says we also need a “failure résumé,” a detailed and thorough inventory of our flops. A failure résumé offers another method for addressing our regrets. The very act of creating one is a form of disclosure. And by eyeing your failure résumé not as its protagonist, but as an observer, you can learn from it without feeling diminished by your mistakes. A few years ago, I compiled a failure résumé, then tried to glean lessons from the many screwups I’d committed. (Disclosing these embarrassments to myself will be sufficient, thank you very much.) I realized I’d repeatedly made variations of the same two mistakes, and that knowledge has helped me avoid those mistakes again.

We do not (and will not) have the resources to properly care for our increasing elderly population, yet we insist on medical intervention to keep them alive. To allow them to die would signal the failure of our supposedly infallible modern medical system. The surgeon Atul Gawande wrote in a devastating New Yorker article on aging that “there have been dozens of best-selling books on aging but they tend to have titles like ‘Younger Next Year,’ ‘The Fountain of Age,’ ‘Ageless,’ ‘The Sexy Years.’ Still, there are costs to averting our eyes from the realities. For one thing, we put off changes that we need to make as a society. . . . In thirty years, there will be as many people over eighty as there are under five.

If a government is corrupt and fails to improve people’s lives, enough citizens will eventually realise this and replace the government. But government control of the media undermines Lincoln’s logic, because it prevents citizens from realising the truth. Through its monopoly over the media, the ruling oligarchy can repeatedly blame all its failures on others, and divert attention to external threats – either real or imaginary. When you live under such an oligarchy, there is always some crisis or other that takes priority over boring stuff such as healthcare and pollution. If the nation is facing external invasion or diabolical subversion, who has time to worry about overcrowded hospitals and polluted rivers? By manufacturing a never-ending stream of crises, a corrupt oligarchy can prolong its rule indefinitely.8

Nassim Taleb writes in his book Fooled By Randomness: In Pharaonic Egypt … scribes tracked the high-water mark of the Nile and used it as an estimate for a future worst-case scenario. The same can be seen in the Fukushima nuclear reactor, which experienced a catastrophic failure in 2011 when a tsunami struck. It had been built to withstand the worst past historical earthquake, with the builders not imagining much worse—and not thinking that the worst past event had to be a surprise, as it had no precedent. This is not a failure of analysis. It’s a failure of imagination. Realizing the future might not look anything like the past is a special kind of skill that is not generally looked highly upon by the financial forecasting community. At a 2017 dinner I attended in New York, Daniel Kahneman was asked how investors should respond when our forecasts are wrong. He said: Whenever we are surprised by something, even if we admit that we made a mistake, we say, ‘Oh I’ll never make that mistake again.’ But, in fact, what you should learn when you make a mistake because you did not anticipate something is that the world is difficult to anticipate. That’s the correct lesson to learn from surprises: that the world is surprising.

Eternal Rest. If I have the temerity to prefer my own definition of the spirit of Buḍḍha's doctrine, it is because I think that all the misconceptions of it have arisen from a failure to understand his idea of what is real and what is unreal, what worth longing and striving for and what not. From this misconception have come all the unfounded charges that Buḍḍhism is an "atheistical," that is to say, a grossly materialistic, a nihilistic, a negative, a vice-breeding religion. Buḍḍhism denies the existence of a personal God—true: therefore—well, therefore, and notwithstanding all this, its teaching is neither what may be called properly atheistical, nihilistic, negative, nor provocative of vice. I will try to make my meaning clear, and the advancement of modern scientific research helps in this direction. Science divides the universe for us into two elements—matter and force;

Nowadays people often talk about happiness. Books are written about it, courses are taught on it, and some us even try to buy it. Feeling has become a right, and we chase after it, convinced that once we have found it, we will also find the solution to all our problems. Not being happy has come to be equated with failure. But what is happiness, after all? Is it possible to be happy each waking minute, day after day, year in and year out? Is it actually something worth striving for? For how can we conceive of our happiness if we have never experienced any pain? Sometime I think that today we have trouble finding happiness because of our deep fear of suffering. Perhaps we have forgotten the lessons that can be learned from our own darkness. Is it not there that we must go sometimes in order eventually to distinguish the light from the stars. To understand the happiness we so assiduously pursue actually feels? A life without sorrow is a symphony without bass notes. Is there anyone who can truthfully claim that he is always happy? I have never met such a person. On the other hand, I have met apparently happy people who said they were content. I looked up the word in the National Encyclopaedia, and it describes the feeling of having obtained or achieved what can reasonably be desired. And when I read that, I thought that perhaps we have gone astray in our pursuit of happiness, that what we should actually be seeking is the ability to feel content. Something has made us believe that it is the rapture of the moment and the ecstatic rush of the senses that leads to happiness, but perhaps it is instead the courage to settle down and dare to be satisfied with what we have. Shame- Karin Alvtegen

There is an excellent short book (126 pages) by Faustino Ballvè, Essentials of Economics (Irvington-on-Hudson, N.Y.: Foundation for Economic Education), which briefly summarizes principles and policies. A book that does that at somewhat greater length (327 pages) is Understanding the Dollar Crisis by Percy L. Greaves (Belmont, Mass.: Western Islands, 1973). Bettina Bien Greaves has assembled two volumes of readings on Free Market Economics (Foundation for Economic Education). The reader who aims at a thorough understanding, and feels prepared for it, should next read Human Action by Ludwig von Mises (Chicago: Contemporary Books, 1949, 1966, 907 pages). This book extended the logical unity and precision of economics beyond that of any previous work. A two-volume work written thirteen years after Human Action by a student of Mises is Murray N. Rothbard’s Man, Economy, and State (Mission, Kan.: Sheed, Andrews and McMeel, 1962, 987 pages). This contains much original and penetrating material; its exposition is admirably lucid; and its arrangement makes it in some respects more suitable for textbook use than Mises’ great work. Short books that discuss special economic subjects in a simple way are Planning for Freedom by Ludwig von Mises (South Holland, 111.: Libertarian Press, 1952), and Capitalism and Freedom by Milton Friedman (Chicago: University of Chicago Press, 1962). There is an excellent pamphlet by Murray N. Rothbard, What Has Government Done to Our Money? (Santa Ana, Calif.: Rampart College, 1964, 1974, 62 pages). On the urgent subject of inflation, a book by the present author has recently been published, The Inflation Crisis, and How to Resolve It (New Rochelle, N.Y.: Arlington House, 1978). Among recent works which discuss current ideologies and developments from a point of view similar to that of this volume are the present author’s The Failure of the “New Economics”: An Analysis of the Keynesian Fallacies (Arlington House, 1959); F. A. Hayek, The Road to Serfdom (1945) and the same author’s monumental Constitution of Liberty (Chicago: University of Chicago Press, 1960). Ludwig von Mises’ Socialism: An Economic and Sociological Analysis (London: Jonathan Cape, 1936, 1969) is the most thorough and devastating critique of collectivistic doctrines ever written. The reader should not overlook, of course, Frederic Bastiat’s Economic Sophisms (ca. 1844), and particularly his essay on “What Is Seen and What Is Not Seen.” Those who are interested in working through the economic classics might find it most profitable to do this in the reverse of their historical order. Presented in this order, the chief works to be consulted, with the dates of their first editions, are: Philip Wicksteed, The Common Sense of Political Economy, 1911; John Bates Clark, The Distribution of Wealth, 1899; Eugen von Böhm-Bawerk, The Positive Theory of Capital, 1888; Karl Menger, Principles of Economics, 1871; W. Stanley Jevons, The Theory of Political Economy, 1871; John Stuart Mill, Principles of Political Economy, 1848; David Ricardo, Principles of Political Economy and Taxation, 1817; and Adam Smith, The Wealth of Nations, 1776.