Tim Harford - Trial and Error

Trial and Error beats the God Complex! Tim Harford’s TED talk reveals the power of chance!

I have always believed that the road to success is paved with failure.  One of my favourite quotes is from Thomas Watson of IBM, who said:

Would you like me to give you a formula for success? It’s quite simple, really. Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t as all. You can be discouraged by failure  – or you can learn from it. So go ahead and make mistakes. Make all you can. Because, remember, that’s where you will find success.

This TED talk by Tim Harford, an economist who has found that trial and error, randomness and chance can be an entrepreneur’s best friend.  Tim has written two books “Adapt: Why Success Always Starts with Failure” and “The Undercover Economist.”