Evans.
of paint had suddenly been used!
"
failure is one of the most critical rites of passage, leading to the most important skill in life - getting over failure."
getting over failure, the better."
experience failure has two particular benefits.
First, it encourages you to take risks. Second, we need people to accept wrong." (Don't worry, it's not necessarily your fault.
It's the system.)
whose opinion you respect. You may have even boasted about how well your dream was unfolding.
And then, wham, it fails."
We know just how he feels. Sadly, we couldn't find any tips on how to deal with failure.
Maybe just repeat the medicine.
Like Kerry Packer.
studied something called Chori's Window.
window," Yates said.
And then there's what real people do.
Kerry Packer approach.
One evening not long after I joined PBL, most. I described Chori's Window to him and drew the Harvard "When I had finished, he said: 'Well, son, that's interesting, but tell me what it cost to do your master's at Stanford?'
"I replied: 'About $150,000.
'
11,000. His response: 'Well, son, I can't afford the $1.6 billion to send them all to Stanford, so you're just going to have to learn to do something really well.
Just learn to listen."
Clearly, there was a difference between what he was listening to at Stanford and what he was hearing from the big fella.
Finally, an insight from Yates into what exactly may have happened in the dying days of the Qantas deal.
room. If he had been, he would've left.
smarter than you.
" He makes it sound like it isn't too hard.
decision, I always ask myself: 'Am I the smartest person in this room?' Because if the answer is yes, then I get out.
For I believe plot, or everyone else is relying on me. I know that is not a wise thing to do."
run PBL?
Anyway, given what happened to the Qantas deal, it does make you ask: who was the smartest guy in the room?
out to Qantas's joint advisers, UBS and Carnegie Wylie.
Of course, there are all those deals that they looked at with other airlines that they didn't pull off, which is perhaps why the board saw fit to be so generous on this occasion.
And given it was advisers doesn't mean it can split the fee.
Of course, no success means no fee. But at least there's still the Qantas board to wrap around their little fingers.
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