SpaceX Shows How Failure Creates Success

November 30, 2016 – 01:58 pm

So the most recent SpaceX outing was a total failure.

Or a truly inspirational success, depending on how you look at it.

From a media reaction standpoint, the word “fail” dominated:

click for full size

The landing was certainly a “failure” on its face. (The rocket blew up for pete’s sake. That’s kind of the definition of failure right?)

But as BI points out, SpaceX received excellent new knowledge from this latest test attempt.

“It is indeed an incredible success that on such an early attempt they were able to get the first stage so close to the intended landing pad, and so close to a successful landing!”

~ Jim Bell, Arizona State University

“No one should underestimate the complexity of this engineering feat even as a hard landing and SpaceX should be applauded for the success that they achieved.”

~ Roger Franzen, technical manager of the Giant Magellan Telescope at the Australian National University’s Mount Stromlo Observatory

The key thing is that SpaceX was instantly back on the horse.

They figured out the hydraulic fluid issue… and celebrated their other technical achievements… and are now preparing to take another shot, with more knowledge and experience than before.

Here is what winners understand, deep down in their gut, that the mediocre masses don’t: Failure paves the road to success.

It makes perfect sense when you think about it.

How do you succeed at any challenging endeavor? How do you “elevate your game” in the presence of complex obstacles? How do you “get from here to there” in mastering any deeply competitive craft?

You evolve. That means learning through a process of trial and error… iterative refinement… and repeated “failure” as part of the growth process.

You tinker and try things… and you come up short in small incremental ways… and then you step up and try, try again.

“You develop some ideas, go forth into the market and try some things. Over time, you build up experience this way. (Profitable or unprofitable, it’s still experience.) Then, having accumulated that experience, you step back to examine and theorize. You analyze what happened and why. You think about the strengths and weaknesses of what you just tried. You start to develop a new round of ideas. You get a sense of where the holes are in your capability, where the most profitable areas of exploration might be.”

“Progressing forward as a trader is a matter of filling in knowledge gaps and connecting abstract concepts with vivid memories of real world application. The absolute beginner is so void of experience he has no idea where his gaps even are. At the point of starting out, all trading knowledge is a swirl of hypotheticals. The trick of advancement, then, is to go back and forth between theory and experience, theory and experience, in a regular intertwined dance.”

If that’s a good enough mindset to help SpaceX get to Mars (!!), then it can probably help you out too.


Source: www.mercenarytrader.com

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