Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
When a really new product comes along, it's almost always a mistake to hang a well-known name on it. The reason is obvious. A well-known name got well-known because it stood for something. It occupies a position in the prospect's mind. A really well-known name sits on the top rung of a sharply defined ladder. The new product, if it's going to be successful, is going to require a new name. New ladder, new name. It's as simple as that.
My top priority in any trade negotiation is expanding opportunity for hardworking Americans. It's no secret that past trade deals haven't always lived up to their promise, and that's why I will only sign my name to an agreement that helps ordinary Americans get ahead, the bill put forward today would help us write those rules in a way that avoids the mistakes from our past, seizes opportunities for our future and stays true to our values.
Experience is a wonderful thing. It enables you to recognize a mistake when you make it again. If all economists were laid end to end they would not reach a conclusion.
A jackass has that kind of strength, and puts it to a useful purpose, and is valuable to the world because he is a jackass; but anobleman is not valuable because he is a jackass. It is a mixture that is always ineffectual, and should never have been attempted in the first place. And yet, once you start a mistake, the trouble is done and you never know what is going to come of it.
Even Johannes Kepler, Isaac Newton, Charles Darwin, Gregor Mendel, and Albert Einstein made serious mistakes. But the scientific enterprise arranges things so that teamwork prevails: What one of us, even the most brilliant among us, misses, another of us, even someone much less celebrated and capable, may detect and rectify.
Through error you come to the truth! I am a man because I err! You never reach any truth without making fourteen mistakes and very likely a hundred and fourteen.
To put yourself into a situation where a mistake cannot necessarily be recouped, where the life you lose may be your own, clears the head wonderfully. It puts domestic problems back into proportion and adds an element of seriousness to your drab, routine life. Perhaps this is one reason why climbing has become increasingly hard as society has become increasingly, disproportionately, coddling.