Allan Gray - Learning From Mistakes

Allan Gray - Learning From Mistakes

Allan Gray was a South African businessman and investor, best known as the founder of Allan Gray Limited - one of Africa’s largest privately-owned investment management firms, and Orbis Investment Management - its global counterpart. He died in 2019.

Mistakes are the method of feedback that you gain from the decisions that you make.

The distance between you and your success is defined by the gap between the information you know and the information you don’t know.

One of the most assured methods of filling this gap is making mistakes.

The more mistakes you make, the faster you learn.

The more mistakes you make in a shorter period of time, the faster you grow and speed up your learning.

Mistakes are the leverage you get that no one else has because on an entrepreneurial path, your journey is unique which means that your knowledge is also unique.

Mistakes are a form of mental programming that allows your body to learn new stimulus in association to its results.

When you make a decision and don’t get the desired outcome, a later version of you will make the opposite decision and get closer to the outcome that you want.

Experiential Learning Theory (David Kolb, 1970) posits that learning is a process where knowledge is learned only through experience. Mistakes represent this process.

The key is not to focus on the mistakes, but rather learn and correct your subsequent actions to prove that you learned from it.

How have you corrected the mistakes that you’ve made to optimise on your future results?

📍 Content from E Squared Investments (“Allan Gray’s Vision for E Squared Investments”) on YouTube