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The Worldly Wisdom of Charlie Munger

Charlie Munger

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The Comfort Zone

Vishal Khandelwal · Oct 17, 2015 · Leave a Comment

Is failure bad?

Our error rate in any activity is inversely proportional to our familiarity with that activity.

So if you’re making very few mistakes, then you’re operating in your comfort zone.

Comfort zone is a dangerous place to be in. You feel good but you stop learning. The growth stops.

When we are doing things that have no precendence in our experience, then we will be making our fair share of mistakes.

So failure isn’t bad. Provided you aren’t making the same mistakes repeatedly.

Life

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