Jeff  Carter

Adam Carolla is pretty direct in this rant below on the Occupy Wall Street crowd. There is quite a bit of foul language in it, so if you are offended by that you won’t appreciate it. However, his points are spot on.

I always was involved in athletics as a kid. One of the great things about sports is you learn how to fail. When I played baseball, I could catch anything tossed at me, but I struck out a lot. My all time little league average is well below the Mendoza Line. The great thing about sports is the immediate feedback you get when you screw up. A guy scores a basket on you, a guy gets by you. Even in team sports, there are relatively few places you can hide. The best athletes learn from that feedback and change.

Of course, in sports, we all aren’t equal. Some people are just blessed with genetic traits that allow them to be better. I played basketball at a relatively high level. No matter how hard I worked, I wasn’t going to be as quick as a lot of players. No matter how many drills I did, how long I jumped rope, I wasn’t going to be able to jump as high as a lot of people-although I could dunk it until I was 35. But, I learned to get better in different ways. I adapted.

The hours I spent by myself in a gym working on skills were necessary. But unless I went out on a playground and tested those skills, I wouldn’t know if they worked or not. That juke move might work great by yourself in the gym, but if the guy is still stuck to you like glue after you give him the fake, all those hours in the gym don’t matter. The same goes for start up businesses.

There was a point where the mental health pros got involved and we began worrying about how everyone felt rather than rewarding success and teaching them to deal with failure. Overcoming failure is an important skill to have.

One of the great things about being an entrepreneur is the market validates you. You launch your business and if there aren’t any customers, you either change or go out of business. Great start up businesses launch and then start responding to customers right away. Some people call it “iterating”. I call it listening to your customer.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.