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Can you admit your wrong doing?

Bessemer Venture Partners put up an Anti-Portfolio:
“We chose to decline the investments below, each of which we had the opportunity to invest in, and each of which later blossomed into a tremendously successful company.” Those companies include Apple, ebay, FedEx, Google and Intel - to name just a few.

What a wonderfully bold move - especially in a time when to many think that admitting a mistake is the biggest mistake one might make. And heaven forbids to learn from it.

Can you admit your wrong doings?


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Filed by Frank Kanu under Business


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Two other Opinions:

  1. Tom Vander Well
    10:37 on Tuesday, June 27th, 2006
    Man, Frank. I think I could fill an entire blog with all of the investment and trading mistakes I’ve made! I’ve read/heard others say you should avoid admitting mistakes - and I think that’s a big mistake. I get suspicious of people who seem never to have made a bad move. I’d rather hear “I have to admit that I’ve blown it a few times, but here’s what I learned from it and how the lesson can profit both me and you.”

    Thanks for posting!
  2. Frank Kanu
    10:47 on Tuesday, June 27th, 2006
    Yes Tom.

    There is a saying in Germany that you can only make it in business when you have been bankrupt at least once…

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