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Understanding Ignorance and Humility

Written by: Brad Feld

Article Overview: I've made a large number of mistakes in my life. My goal when I make a mistake is to understand what I did wrong, learn from it, pick myself up, and move forward. When I've made the same mistake for the third time, I usually finally figure out what I'm doing wrong.

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Understanding Ignorance and Humility

I've made a large number of mistakes in my life. My goal when I make a mistake is to understand what I did wrong, learn from it, pick myself up, and move forward. When I've made the same mistake for the third time, I usually finally figure out what I'm doing wrong.

While I've also had plenty of success, I never get confused about where most of my lessons come from. In case this is ever ambiguous from my writing, I learn the vast majority of my lessons from my failures. I also have learned what I don't know, and have figured out that I shouldn't venture into areas where I'm clueless unless I am willing to spend a lot of time up front researching them - at least to the point where I'm no longer completely clueless.

Matt McCall points us to a great essay by James Montier from Societe General titled Mind Matters: An admission of ignorance; a humble approach to investing. I thought it was right on and was nicely reinforced by Matt's very personal post titled Ignorance and Humility.

Read this post in Brad's blog.

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Home > Entrepreneur-Advice > Brad Feld > Understanding Ignorance and Humility
Article Tags: admission, blog, humble approach, humility, james montier, matt mccall, mind matters, mistake, personal post, societe general, third time

About the Author: Brad Feld
RSS for Brad's articles - Visit Brad's website

Brad Feld is currently a Managing Director at Mobius Venture Capital and has been with the firm since 1996. Prior to Mobius, Brad founded Feld Technologies, which was sold to AmeriData Technologies in 1993, where he became Chief Technology Officer. Brad currently serves on the boards of a number of private companies, including Atreus, Comergent, ePartners, FeedBurner, Gold Systems, Judy's Book, Klocwork, NewsGator, Quova, Rally Software, and StillSecure. In addition, he is on the board of The National Center for Women & Information Technology, The Community Foundation Serving Boulder County, and The Colorado Conservation Trust. Brad has previously been a member of the board of directors of the Young Entrepreneurs Organization and founded the Boston and Colorado chapters. He holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology.

Click here to visit Brad's website
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