I am new to BP and was updating my profile. In the profile area there are text boxes we all filled out so that others can see our experience, our goals and what we are currently interested in.
So I started to think about the work I have done and then it dawned on me that perhaps what is most important is not necessarily my experience but the mistakes I have made and what I have learned from them.
Maybe the founders of this most excellent website would consider putting in a text box for “Mistakes I have made & what I learned”. Then others could use the info to avoid making the same mistake. I think it would help a lot of people, I wish I had a database like that over the last few decades. Just an idea. Cheers!
Welcome to BP! I like your point. When I check reviews of hotels, service people, etc. I like to check the negative ones first and see if I can live with whatever the others are complaining about. If I can't, I move on, but other times I think "that's not so bad" and I'm saving money or coming out ahead in some other way- location, etc.
It could be the same with investing. In many cases we could learn more from others mistakes and know what to watch out for. It takes a level of humility to admit to mistakes, though, and I'm sure it is easier for most to share successes.
Thanks for the tip on hotels I will definitely use that.
I think people who can show a little humility are the ones we should seek out and do business with and I would worry about the ones who have never made mistakes.
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