The key to success is failure.

The key to success is massive failure. Your goal is to out-fail your competition.

Failure is the key to success; Each mistake teaches us something

I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learnings without failing badly enough to get knocked out of the game. This way of learning and improving has been best for me because of what I’m like and because of what I do. I’ve always had a bad rote memory and didn’t like following other people’s instructions, but I loved figuring out how things work for myself. I hated school because of my bad memory but when I was twelve I fell in love with trading the markets. To make money in the markets, one needs to be an independent thinker who bets against the consensus and is right. That’s because the consensus view is baked into the price. One is inevitably going to be painfully wrong a lot, so knowing how to do that well is critical to one’s success. To be a successful entrepreneur, the same is true: One also has to be an independent thinker who correctly bets against the consensus, which means being painfully wrong a fair amount. Since I was both an investor and an entrepreneur, I developed a healthy fear of being wrong and figured out an approach to decision making that would maximize my odds of being right.

The second thing we can do is to learn how to fail properly. Failing properly has two major components. First, never take a risk that will do you in completely. (Never get taken out of the game completely.) Second, develop the personal resilience to learn from your failures and start again. With these two rules, you can only fail temporarily.

One important key to success is self-confidence. An important key to self-confidence is preparation.

Failure is the key to success; each mistake teaches us something.

Failing properly has two major components. First, never take a risk that will do you in completely. (Never get taken out of the game completely.) Second, develop the personal resilience to learn from your failures and start again. With these two rules, you can only fail temporarily.

I don’t know the key to success, but the key to failure is trying to please everybody. – Bill Cosby Success does not mean being liked and accepted by everyone. There are some groups I would not want to be accepted by, out of choice. I would rather be criticised by fools than appreciated by cheats and crooks. I see success as a manifestation of good luck that results from aspiration, inspiration and perspiration — generally in that sequence.

Focused, hard work is the real key to success. Keep your eyes on the goal, and just keep taking the next step towards completing it. If you aren't sure which way to do something, do it both ways and see which works better.

The desire to fail on the way to reaching a bigger goal is the untold secret of success.

The freedom to fail is vital if you're going to succeed. Most successful people fail from time to time, and it is a measure of their strength that failure merely propels them into some new attempt at success.

The secret to winning is learning how to lose. That is, learning to bounce back from failure and disappointment—undeterred—and continuing to steadily march toward your potential. Your response to failure determines your capacity for success.

What of all the entrepreneurs that fail? Well, many do, particularly the successful ones; often several times. And if you ask them the secret of their success, they’ll tell you it’s all that they learned in their struggles along the way; yes, it’s what they learned from failing.