{ "hq": [ { "speaker": 0, "text": "If you want to be successful, I would encourage you to grow a tolerance for failure. But the thing about failure is this. If you fail often enough, you actually might become a failure, and that's different than being successful. And so the question is, how do you teach someone how to fail, but fail quickly? And to change courses as soon as you know it's a dead end. And the way to do that is we call it intellectual honesty. We assess on a perp on a continuous basis whether something makes sense or not. And if it's the wrong decision, let's change our mind. And, you know, a lot of people say, CEOs are always right, and they never change their mind. That doesn't make any sense at all to me, especially when it violates the first principles of what we want the company to become. An innovative company that invents amazing things, that solves problems for the world that it sometimes didn't even know it had. Right? If you wanna do that, then you have to cultivate that, tolerance for risk taking, and you have to then teach people how to fail, but fail quickly and inexpensively. And so innovation requires a little bit of experimentation. Experimentation requires exploration. Exploration will result in failure unless you have a tolerance for failure, you would never experiment. And if you don't ever experiment, you would never innovate. If you don't innovate, you don't succeed. You'll just be a dweeb. That's it. Any other questions?", "start": 0.16, "end": 105.51694 } ] }