I will begin with the importance of learning from experience. It is less important, I believe, where you start. It is more important how and what you learn. If the quality of the learning is high, the development gradient is steep, and, given time, you can find yourself in a previously unattainable place. I believe the Infosys story is living proof of this. Learning from experience, however, can be complicated. It can be much more difficult to learn from success than from failure. If we fail, we think carefully about the precise cause. Success can indiscriminately reinforce all our prior actions.
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Question
If you could have a gigantic billboard anywhere, what would it say and why?
Time & hindsight
The Berlin Wall limited my opportunities. It quite literally stood in my way. However, there was one thing which this wall couldn't do through all those years: It couldn't impose limits on my inner thoughts, my personality, my imagination, my dreams and desires.
Tercentenary Theatre, Harvard University, Cambridge, Massachusetts, The Harvard Gazette, Harvard University, 30 May 2019 source ↗
Others on this question
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N. R. Narayana Murthy
Co-founder and former chairman of Infosys
Recorded
New York University Stern School of Business pre-commencement lecture, 9 May 2007, Rediff, 28 May 2007
source ↗
Elinor Ostrom
Political economist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2009
Yes. Having lived through an era, where I was thinking of going to graduate school and was strongly discouraged because I would never be able to do anything but teach in a city college … Ah ha ha, life has changed!
Recorded
Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009
source ↗
Tasuku Honjo
Japanese immunologist and Nobel laureate
No, no. Well, you know, biology is such a complex system. It’s totally different from the engineering. We cannot design. Many people tried to find the therapy for cancer, but all failed. And myself, I never expected my research, working on the immune system, would lead to the cancer therapy. But, in a sense, I’m very fortunate that I also thought about it. You know, you have to try many things and if you’re lucky you can hit, but you have to pursue. That’s my feeling.
Recorded
Adam Smith, Telephone interview recorded shortly after the prize announcement, Nobel Prize Outreach, 1 October 2018
source ↗
Melanie Perkins
Co-founder and chief executive of Canva
To launch Canva, we needed investment and a tech team. Finding the right people for both took two years but there is always a lot of rejection for entrepreneurs in their early days. But every time we got a hard question or a reason why people wouldn't invest, we stayed focused on what we could change. I revised our pitch deck after every meeting, more than 100 times in one year, to answer the questions or fix the reason for rejection from the last time. You just have to keep going. The normal thing to do after your 100th, 80th or even 20th ‘no’ would be to stop, but you just have to persevere.
More from Angela Merkel
View profile →Tear down walls of ignorance and narrow-mindedness, for nothing has to stay as it is.
Recorded
Tercentenary Theatre, Harvard University, Cambridge, Massachusetts, The Harvard Gazette, Harvard University, 30 May 2019
source ↗
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