“Fail Early and Often.”

ImageMegan McCardle, a libertarian blogger and columnist, argues that failures are inevitable in life due to the inability of humans to predict and control events. For example, most Hollywood insiders had thought that the movie Titanic was going to be a box office disaster. It went on to be one of the greatest hit of all times. The New Coke, on the other hand, was expected to be a success (Never heard of the New Coke? Exactly her point.) Continue reading