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    Home»Business»The smartest people you know use failure as a tool to improve
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    The smartest people you know use failure as a tool to improve

    Team_Benjamin Franklin InstituteBy Team_Benjamin Franklin InstituteMarch 11, 2026No Comments5 Mins Read
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    Most people think of wisdom as an arrival. You accumulate enough experience or perspective, then you get there. You become the sage. And stop making mistakes.
    They’ve got it completely backward. The wisest or smartest people I know are still making mistakes. They’re just much better at noticing them, sitting with them, and learning from them. “Let’s never speak of this again” is not a thing for them. Wisdom is a practice. And failure is the training.

    Experience alone is not enough.

    You can accumulate all the experiences in life and still deflect, rationalize, or tell yourself a comforting story in your head. Some people even think of their mistakes as someone else’s fault.
    Plenty of people do exactly that. They’ve been around for decades, and they’re no wiser than they were at 20. They’ve become more confident in their bad habits. What separates wisdom from mere experience is whether you’ve processed what happened, asked the uncomfortable questions, and reflected on what could be done better. Or the path not taken. Writer Rita Mae Brown said, “Good judgment comes from experience, and experience comes from bad judgment.”

    Data for your next experience

    Think of failures as experiments.

    An experiment has a hypothesis. A result. And the result is just information. Not proof that you shouldn’t have tried. It’s just data for your next experience. There’s a reason people keep quoting Thomas Edison. When his thousands of attempts to make a lightbulb failed, he reportedly said he’d found thousands of ways that didn’t work.

    That mindset is rare.

    Most of us run one experiment, get a bad result, and conclude: I’m just not good at this. We quit. We protect ourselves from the next failure by avoiding the next attempt. But wisdom accumulates the other way. It builds up through iteration. Try, fail, adjust, try again. Playwright and poet Samuel Beckett said, “Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.”

    The people I most respect, those who inspire my work, are the ones who kept going after they got it wrong. And changed something every time. The courage to fail well and recover better is a skill. It helps you come back better and faster.

    Defensive posture

    Most people defend their positions. There’s a risk in admitting failure, especially in environments that treat certainty as credibility. But the people willing to do it earn a kind of trust that those who never admit fault simply can’t buy. On some level, when people fake confidence, you know. And it makes it harder to come back stronger. I’ve been paying attention to this for a while now.

    The smartest people think things through before they defend themselves. When something goes wrong, and the instinct is to explain it away, they resist that for a minute. And get back to curiosity. They ask better questions. What did I miss? Is there a better path I could take next time? What systems am I not applying? What can I do differently? A wise person who sees through all the failure is willing to change their mind without feeling like their identity is in crisis. And they’re curious about their own blind spots. They stop looking for reasons to blame someone else.

    Even when the outcome or the process is not their responsibility, they help the team ask the most important questions. In the words of writer Mark Twain: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

    Being right or getting the right outcome?

    A few years ago, I was convinced a content discovery app could generate recurring income for me in the future. I invested time and money. And had all the reasons it could work. I had the logic. I hired the experience to back me up. We went ahead. But a few months into development, it wasn’t working as I expected. And when it became clear it wasn’t working, my first instinct was to invest more money to launch it faster and gather feedback. I fell for the sunk cost fallacy. The approach had flaws I could have caught if I’d actually listened to my doubts.

    I treated them as obstacles to overcome.

    What I eventually had to admit was that I’d been more attached to being right than to getting the right outcome. But I learned more than that from the experience. Einstein said, “The measure of intelligence is the ability to change.”

    These days, I’ve stopped treating every failure like judgment. If something doesn’t work (a decision or plan), I try asking the right questions. Out of genuine curiosity to gather data. To help me experiment again with better information. Do that consistently, over a few years, and you will start to see patterns in your own thinking. You will notice when you’re overconfident or underprepared. The process will help you stack wisdom for life and career. The growing ability to learn from failure is your superpower. 

    The smartest person in any room is the most honest about what they know, what they don’t, and what they got wrong last time. It’s worth more than being right all the time. Use failure to your advantage. In the words of author John C. Maxwell: “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.”



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