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My 10 Best Pieces Of Career Advice For Millennials – via Forbes

My 10 Best Pieces Of Career Advice For Millennials

The Millennial Generation

Giving advice to millennials is extremely important to me because I am one of them and even though the economy was better back in 2006, it took me eight months to find a marketing job. I succeeded because I started six months before graduation, collected eight internships, seven leadership positions on campus and graduated with honors. I failed because I didn’t know how to build and leverage relationships. Either way, I learned a lot about what it takes to build a successful career over the years. Good career choices are extremely important early in your career because you can set yourself up for success later on. Even though you might end up in a completely different career, the skills you acquire and the people you meet, are what will open the doors for you. The following are ten things that all millennials should do to get ahead in their careers:

1. Think of your career as a series of experiences. The most optimistic and intelligent way to look at your career isn’t how long you stay with one employer or that you focus on what you majored in at college. You need to collect experiences throughout your careers, whether that be with five employers or ten, with one business function or five or in one country or three. The idea is that you need to be a lifelong learner if you want to make an impact, succeed and feel accomplished. The experiences you have expand your world view, give you new perspectives and make you a more interesting person.

2. Don’t settle for a job you’re not passionate about. A lot of people are pushing college graduates to just get a job to pay the bills and that isn’t the greatest advice because research shows that you won’t last long there if you do. Furthermore, no smart company is going to have someone who is only there to make money because there’s always someone else who wants it more. When you’re passionate about your job, you’re excited, you work longer hours and end up accomplishing much more. Life is too short to settle for a career that you hate!

3. Focus on making a big impact immediately. The quicker you make an impact in a company the more attention and support you will get. Millennials understand this well because they won’t want to wait five years to get on a project where they can make this type of impact. Starting on day one, you have to learn as much as possible and start mastering your job so you can latch on to the bigger projects faster and prove yourself. By doing this, you will explode your career and become more valuable in your company, which will increase your pay, title and you’ll get to work on better projects.

4. Take risks early and often in your career. One of the important lessons this economy has taught us is that not taking risks is risky. There is so much out of our control and if we just keep doing what we did yesterday, we can’t get ahead. By taking a risk, you are putting yourself in a position to learn, whether you succeed or fail. You’re also showing to your management that you’re willing to put your reputation on the line to make things happen. As we become an ever more entrepreneurial society, those that take risks, both inside and outside of the corporate walls, will become more successful.

5. Spend more time with people than with your laptop. Students are plugged in and don’t understand that he strongest relationship are formed in person, not online. I constantly see students looking down at their iPhones and iPad’s instead of at people’s faces and it’s a missed opportunity. Soft skills will always become more cherished in companies so it’s important to drop your technology and actually communicate with people. People hire you, not technology and you have to remember that!

6. Measure your work outcomes and build case studies. If you look at any student resume, they almost always look the same. They have the same fields (education, experience, school activities). Under their experience fields, they list a company and then general information such as “Managed XXX project”. They dress up their experience bullets so they can turn menial tasks into something more marketable. The problem is that recruiters today, and especially in the future, are looking for outcomes. They want to know the numeric impact you’re having on a company through your work, which means increasing revenue or decreasing costs. Always think about measuring your projects and keeping track of the results because that’s what’s going to help you justify promotions.

7. Sacrifice today to position yourself for tomorrow. You can’t have everything you want today so you need to work hard to put yourself in a better position in the future. From 2007 to 2009, I put in over one hundred hours a week working on something I loved. As a result, now I have the freedom to do what I want, when I want. While others would have used that same time to go out every night and party, I realized the bigger picture and you can too. The more you do early in your career, the more it will pay off later in life and you will be thankful just like I am.

8. Start your own website to centralize your work profile. You need a single place where you can store everything you accomplish and that should be a website under your name (yourfullname.com). By doing this, you can easily refer others to your work, whether it be hiring managers or for freelance projects. As you grow and develop your career, add new projects, education, skills and examples of your work to your website. Your website is a living, breathing resume that is always available to people even when you’re asleep.

9. Travel as much as you can, while learning about cultures and languages. We live in a global marketplace now and companies are looking to expand and hire the best talent, regardless of location. The more you travel and experience the world, the better you will be at serving this marketplace and taking advantage of it. Furthermore, if you’re learning new languages, you are ahead of the curve. It’s hard for companies to find workers who are fluent in languages so if that’s you, you become more marketable.

10. Locate mentors who live your desired lifestyle. Most students aren’t selective about mentors and just feel fortunate to have them in the first place. I believe you need to choose the right mentor, who you can support and who has time to support you. That person should be someone in your industry who is living the lifestyle that you dream of. This way, they can tell you exactly what you need to do each day to get to their level. For instance, if you want to travel and do consulting in the future then find someone who has a job at McKinsey or Accenture to mentor you. Based on your meetings with them, you might even decide that the consulting lifestyle isn’t a good match for you after all.

Dan Schawbel is a workplace expert, keynote speaker and the New York Times bestselling author of Promote Yourself.

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Thomas Edison’s Eccentric Job Interview Questions: A Cheat Sheet

Thomas Edison had an encyclopedic memory, and by the early 1920s, he had become increasingly frustrated by the fact that college graduates applying to work for him didn’t have a wealth of knowledge comparable to his own. To test the mental mettle of incoming job seekers, he administered to each a series of 150 questions, tailored to the position for which they were applying. Some were specific to the industry, while others were mysterious. Masons, for instance, needed to know who assassinated President Lincoln.

Others were topical (In what cities are hats and shoes made?) and are now outdated (What telescope is largest in the world?). But just in case the Edison Quiz fad ever returns, here’s a cheat sheet to help you master some of the finer points. Good luck!

Who was Francis Marion?
An officer in the Revolutionary War, often cited as being the father of guerilla warfare. His skill at clandestinely moving troops by dressing drably and utilizing swamp paths earned him the nickname “Old Swamp Fox.”

Where is the River Volga?
Oh, the longest river in Europe? Russia, of course.

Who invented logarithms?
Scottish mathematician and ruff-wearer John Napier, in the mid 1600s. He also combined the work of Italian mathematician Fibonacci and Ottoman genius-of-all-trades Matrakç? Nasuh to invent the awesomely named “Napier’s Bones,” an abacus-like system of numbered rods that transform multiplication, division, and exponents into simple addition and subtraction.

What is the first line in The Aeneid?

Arms, and the man I sing, who, forced by fate
And haughty Juno’s unrelenting hate
Expelled and exiled, left the Trojan shore:
Long labors, both by sea and land, he bore;
And in the doubtful war, before he won
The Latin realm and built the destined town,
His banished gods restored to rights divine,
And settled sure succession in his line;
From whence the race of Alban fathers come,
And the long glories of majestic Rome.
— Virgil, and translated by John Dryden.

Note: The colon after “shore” is disputed, so we include the entire first stanza for good measure. Playwright George Bernard Shaw would have correctly answered this one, as evidenced by the title of his 1894 play Arms and the Man.

What war material did Chile export to the Allies during the War?
Sodium nitrate, which was used to manufacture gunpowder, and made Chile very rich. Nitratine appeared there in such large deposits, the mineral is also known as Chile saltpeter.

A question tailored to cabinetmakers: Who was the Roman emperor when Jesus Christ was born?
Caesar Augustus, Sept. 23, 63 BC—Aug. 19, 14 AD.

Where is the Sargasso Sea?
The only “sea” to be entirely surrounded by water, the Sargasso is actually an elliptical patch of the North Atlantic, near Bermuda. The water in this area is relatively calm and thick with seaweed (sargassum weed, actually), trapped there by the surrounding currents: the Canary Current at the northeast, the Northern Equatorial Current along the south, and the Gulf Stream on the northwest.

Because of the Sargasso’s relatively low precipitation, high evaporation, light winds, warm temperatures and high salinity, scientists used to think it was a sort of oceanic desert; they knew aquatic creatures made their habitat in the sargassum, but thought the water wasn’t hospitable to plankton. More recently, however, mysterious plankton blooms suggest that the area is “far more productive than we could explain…” according to Dennis McGillicuddy, oceanographer and leader on the Eddies Dynamics, Mixing, Export, and Species composition (EDDIES) project. Put that in your pipe, Edison.

Of what is brass made?
Brass is an alloy of zinc and copper. Humans started making brass as early as the Neolithic era, though ancient texts often use the term brass when they mean bronze – an alloy of copper and tin.

Who was Leonidas?
The military king of ancient Sparta who heroically led a mere 300 men in the battle against massive Persian forces in the battle of Thermopylae. Sure, he had some help from other Greeks, but the 300 thing is his legacy. So much so, he’s now most famous for being the guy who yells “This! Is! Spartaaaa!”

Who discovered the X-ray?
The obvious answer to this question is Wilhelm Röntgen, who, in 1895, famously noted the effects of a mysterious new kind of ray that appeared as a byproduct of his experiments with Crookes tubes. He called his discovery the “X ray,” to indicate its yet unknown properties, then went on to take a widely publicized X-ray print of the bones of his wife’s hand, and eventually won a Nobel prize in 1901 for his achievements. However, several other physicists made similar discoveries while experimenting with Crookes tubes around the same time. Among them: Nikola Tesla, Edison’s well-known rival. Edison had himself experimented with X-rays for a time, and was certainly aware of the variations in the X-ray origin story among his colleagues. This question suggests an eagerness to promote his preferred version.

Where do we get shellac?
You probably know shellac as a term commonly applied to wood varnish, which is actually a combination of alcohol and the naturally occurring thermoplastic resin also called shellac. But did you know the latter shellac is produced and secreted by the lac insect (Laccifer lacca), a type of scale bug somewhat related to aphids and cicadas? Proper shellac is also used commercially in products like sealing wax, hairspray, and even cake glazes and anti-caking agents in candy. Vegans beware.

Why is cast iron called Pig Iron?
Modern-day metal workers would argue that cast iron and pig iron are not exactly the same thing, but what Edison probably meant by pig iron was the raw material used in making iron and steel. Back in the day, pig iron was melted into casts that resembled baby piglets suckling from their mother. Likewise, iron workers used to call the iron in the adjoining lateral channel “the sow.”

Who was Bessemer and what did he do?
Henry Bessemer invented the Bessemer process, which revolutionized mass production of steel. From pig iron. See? We’re learning!

Pencils Down!

Of the well over 500 young men who took Edison’s test, only about 35 passed to his satisfaction (a score of 90% or higher). When several disgruntled rejects complained to the press, Edison refused to release his questions and answers, so the public had to rely largely on the memory of his “victims” for the complete list. Magazines subsequently began running “Edison pop quizzes,” and rival employers — fancying themselves as exclusive as Edison — began conducting employment quizzes of their own. Edison’s scientific conclusions on the subject?

“Only 2% of the people think, as I gather from my questionnaire.”

What’s the most bizarre question you’ve been asked in an interview? Has the Sargasso Sea come up?

 

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Why Does Music Help Us Exercise? – Phenomena: Only Human

Why Does Music Help Us Exercise?

Several years ago, cognitive scientist Tom Fritz spent some time in northern Cameroon, a mountainous and culturally isolated region in the middle of Africa. He was observing the people who live there, the Mafa, who (from our western perspective, anyway) have some fascinating musical rituals.

The Mafa language doesn’t have a word for music because music is always intertwined with specific rituals, such as preparing for the harvest. Men will stand in a circle and play repetitive melodies on wooden flutes. Playing a Mafan flute requires a lot of energy and rapid exhalation. Some of the men will dance and run while playing, and the rituals often last several hours. “It’s physically very exhausting — they achieve this musical ecstasy,” Fritz says. “It got me interested in how one could translate something like that to our western culture.”

Fritz’s version of that musical ecstasy debuted yesterday in a study in the Proceedings of the National Academy of Sciences. He rigged up several pieces of gym equipment to a computer so that using the machines produces electronic music. It’s hard to explain in words, so here’s a video of Fritz showing off his system:

Fritz calls the system jymmin — “a mixture of jammin’, like Bob Marley, and gym,” he says. In the new study, Fritz uses the system to investigate a phenomenon most of us are familiar with: the way that music eases the pain of working out.

There are many historical examples of people making and listening to music while doing hard labor. For example, chain gangs of prisoners — like these men working in a Texas prison in 1966 — would often sing in synchrony with the beat of their work.

But scientists didn’t really begin studying this connection between music and exercise until the mid-1990s, when technology suddenly made it possible for a lot of people to take music wherever they went. “When I used to go running in the ’80s and listen to music, I had to carry a walkman. And at the time we thought, ‘Oh these are great!’” recalls Andy Lane, an exercise scientist at the University of Wolverhampton in the UK. “They were terrible, of course, these great heavy things and the headphones never worked. Now you’ve got iPods, and this massive use of this technology. So the research corresponds with the demand.”

Research by Lane and others has shown, for example, that music can reduce your perception of exhaustion during a moderate workout and boost your physical output. What’s more, syncing your movements with a musical beat seems to increase stamina and metabolic efficiency.

The mainstream explanation for these positive effects is that music serves as a mental distraction. But Fritz’s new study suggests that’s not the whole story.

Fritz asked 61 non-athlete volunteers to workout on one of three machines — a tower, a stepper, or a stomach trainer — for six minutes and then fill out questionnaires about their perceived exertion. The volunteers always worked out in groups of three. In one session, they listened to music passively, and in another they made music together using Fritz’s jymmin set-up.

For 53 of the 61 participants, their perceived exertion was lower during the jymmin session than the passive-listening session, the study found. That’s interesting, Fritz says, because when jymmin you can’t be distracted from your ‘proprioception’ — the awareness of your body’s position in space and the force it’s exerting. On the contrary, you must focus on your muscles. “You’re playing a melody and then remembering, OK, if I’m at this position, then I can make this tone,” he says. “Your proprioception is your guide to playing the music.”

Other experts are impressed by the technological innovation behind the jymmin set-up, but have some questions about the study’s design. One concern is that Fritz reported perceived exertion not as raw scores, but as ratios of how a participant felt about jymmin versus passive listening. The raw scores are important because previous research has shown that during very intense workouts, the distraction effect disappears: The strain on your body is so great that your brain ignores the music. “These ratios are just frustrating,” Lane says. “They take away the ability to interpret the results.”

And if the data are true, it’s unclear why the jymmin set-up would lead to lower scores of perceived exertion. Fritz says there are many possibilities. It could be what he terms “musical agency,” or the sense that you’re composing or tweaking the music. That might explain why runners tend to match their steps to musical beats, he says. ”It might be that they have some type of illusion of musical agency.”

Others are drawn to a social explanation instead. “There seems to be something  going on here with play and fun and the interaction between people,” says Beau Sievers, a graduate student at Dartmouth whose research has uncovered a universal link between music and motion. ”I would have liked to see some analysis of the interactions between the participants, to see if people are working together to create some kind of musical result with one another.”

Fritz agrees that the social aspect of jymmin is important, and he plans on studying it in more depth. Based on his own experience, he says, the social influences is particularly strong after using the machines for 10 minutes or more, when you really start to feel the burn.

“You reach a point where you think, wow, I’m ready to sit down and go home. But you’re in the middle of a session, and you realize someone else is just starting some kind of improvisation, and so you think, OK, OK, I can’t stop now,” he says. “All of a sudden, your idea that you’ve reached your limit is totally gone. And you can play on and on and on.”

*

You can watch a longer video of Fritz jymmin here

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Scott Adams: How to Be Successful

Scott Adams’ Secret of Success: Failure

What’s the best way to climb to the top? Be a failure.

 

“Dilbert” creator Scott Adams talks to WSJ editor Gary Rosen about how to draw lessons, skills and ideas from your failures—and why following your passion is asking for trouble. Photo: Scott Adams

If you’re already as successful as you want to be, both personally and professionally, congratulations! Here’s the not-so-good news: All you are likely to get from this article is a semientertaining tale about a guy who failed his way to success. But you might also notice some familiar patterns in my story that will give you confirmation (or confirmation bias) that your own success wasn’t entirely luck.

Share Your Failures

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Forget passion. Goals are for losers. Dilbert creator Scott Adams reveals his secret to climbing to the top: Suffer defeat. Lots and lots of defeat. Readers, we want to hear from you. Share your best stories of failure and we’ll choose a few to feature in an upcoming blog post.

If you’re just starting your journey toward success—however you define it—or you’re wondering what you’ve been doing wrong until now, you might find some novel ideas here. Maybe the combination of what you know plus what I think I know will be enough to keep you out of the wood chipper.

Let me start with some tips on what not to do. Beware of advice about successful people and their methods. For starters, no two situations are alike. Your dreams of creating a dry-cleaning empire won’t be helped by knowing that Thomas Edison liked to take naps. Secondly, biographers never have access to the internal thoughts of successful people. If a biographer says Henry Ford invented the assembly line to impress women, that’s probably a guess.

But the most dangerous case of all is when successful people directly give advice. For example, you often hear them say that you should “follow your passion.” That sounds perfectly reasonable the first time you hear it. Passion will presumably give you high energy, high resistance to rejection and high determination. Passionate people are more persuasive, too. Those are all good things, right?

Here’s the counterargument: When I was a commercial loan officer for a large bank, my boss taught us that you should never make a loan to someone who is following his passion. For example, you don’t want to give money to a sports enthusiast who is starting a sports store to pursue his passion for all things sporty. That guy is a bad bet, passion and all. He’s in business for the wrong reason.

My boss, who had been a commercial lender for over 30 years, said that the best loan customer is someone who has no passion whatsoever, just a desire to work hard at something that looks good on a spreadsheet. Maybe the loan customer wants to start a dry-cleaning store or invest in a fast-food franchise—boring stuff. That’s the person you bet on. You want the grinder, not the guy who loves his job.

For most people, it’s easy to be passionate about things that are working out, and that distorts our impression of the importance of passion. I’ve been involved in several dozen business ventures over the course of my life, and each one made me excited at the start. You might even call it passion.

The ones that didn’t work out—and that would be most of them—slowly drained my passion as they failed. The few that worked became more exciting as they succeeded. For example, when I invested in a restaurant with an operating partner, my passion was sky high. And on day one, when there was a line of customers down the block, I was even more passionate. In later years, as the business got pummeled, my passion evolved into frustration and annoyance.

On the other hand, Dilbert started out as just one of many get-rich schemes I was willing to try. When it started to look as if it might be a success, my passion for cartooning increased because I realized it could be my golden ticket. In hindsight, it looks as if the projects that I was most passionate about were also the ones that worked. But objectively, my passion level moved with my success. Success caused passion more than passion caused success.

So forget about passion. And while you’re at it, forget about goals, too.

Just after college, I took my first airplane trip, destination California, in search of a job. I was seated next to a businessman who was probably in his early 60s. I suppose I looked like an odd duck with my serious demeanor, bad haircut and cheap suit, clearly out of my element. I asked what he did for a living, and he told me he was the CEO of a company that made screws. He offered me some career advice. He said that every time he got a new job, he immediately started looking for a better one. For him, job seeking was not something one did when necessary. It was a continuing process.

This makes perfect sense if you do the math. Chances are that the best job for you won’t become available at precisely the time you declare yourself ready. Your best bet, he explained, was to always be looking for a better deal. The better deal has its own schedule. I believe the way he explained it is that your job is not your job; your job is to find a better job.

This was my first exposure to the idea that one should have a system instead of a goal. The system was to continually look for better options.

Throughout my career I’ve had my antennae up, looking for examples of people who use systems as opposed to goals. In most cases, as far as I can tell, the people who use systems do better. The systems-driven people have found a way to look at the familiar in new and more useful ways.

To put it bluntly, goals are for losers. That’s literally true most of the time. For example, if your goal is to lose 10 pounds, you will spend every moment until you reach the goal—if you reach it at all—feeling as if you were short of your goal. In other words, goal-oriented people exist in a state of nearly continuous failure that they hope will be temporary.

If you achieve your goal, you celebrate and feel terrific, but only until you realize that you just lost the thing that gave you purpose and direction. Your options are to feel empty and useless, perhaps enjoying the spoils of your success until they bore you, or to set new goals and re-enter the cycle of permanent presuccess failure.

I have a friend who is a gifted salesman. He could have sold anything, from houses to toasters. The field he chose (which I won’t reveal because he wouldn’t appreciate the sudden flood of competition) allows him to sell a service that almost always auto-renews. In other words, he can sell his service once and enjoy ongoing commissions until the customer dies or goes out of business. His biggest problem in life is that he keeps trading his boat for a larger one, and that’s a lot of work.

Observers call him lucky. What I see is a man who accurately identified his skill set and chose a system that vastly increased his odds of getting “lucky.” In fact, his system is so solid that it could withstand quite a bit of bad luck without buckling. How much passion does this fellow have for his chosen field? Answer: zero. What he has is a spectacular system, and that beats passion every time.

As for my own system, when I graduated from college, I outlined my entrepreneurial plan. The idea was to create something that had value and—this next part is the key—I wanted the product to be something that was easy to reproduce in unlimited quantities. I didn’t want to sell my time, at least not directly, because that model has an upward limit. And I didn’t want to build my own automobile factory, for example, because cars are not easy to reproduce. I wanted to create, invent, write, or otherwise concoct something widely desired that would be easy to reproduce.

[image] Scott Adams

My system of creating something the public wants and reproducing it in large quantities nearly guaranteed a string of failures. By design, all of my efforts were long shots. Had I been goal-oriented instead of system-oriented, I imagine I would have given up after the first several failures. It would have felt like banging my head against a brick wall.

But being systems-oriented, I felt myself growing more capable every day, no matter the fate of the project that I happened to be working on. And every day during those years I woke up with the same thought, literally, as I rubbed the sleep from my eyes and slapped the alarm clock off.

Today’s the day.

If you drill down on any success story, you always discover that luck was a huge part of it. You can’t control luck, but you can move from a game with bad odds to one with better odds. You can make it easier for luck to find you. The most useful thing you can do is stay in the game. If your current get-rich project fails, take what you learned and try something else. Keep repeating until something lucky happens. The universe has plenty of luck to go around; you just need to keep your hand raised until it’s your turn. It helps to see failure as a road and not a wall.

I’m an optimist by nature, or perhaps by upbringing—it’s hard to know where one leaves off and the other begins—but whatever the cause, I’ve long seen failure as a tool, not an outcome. I believe that viewing the world in that way can be useful for you too.

Nietzsche famously said, “What doesn’t kill us makes us stronger.” It sounds clever, but it’s a loser philosophy. I don’t want my failures to simply make me stronger, which I interpret as making me better able to survive future challenges. (To be fair to Nietzsche, he probably meant the word “stronger” to include anything that makes you more capable. I’d ask him to clarify, but ironically he ran out of things that didn’t kill him.)

Becoming stronger is obviously a good thing, but it’s only barely optimistic. I do want my failures to make me stronger, of course, but I also want to become smarter, more talented, better networked, healthier and more energized. If I find a cow turd on my front steps, I’m not satisfied knowing that I’ll be mentally prepared to find some future cow turd. I want to shovel that turd onto my garden and hope the cow returns every week so I never have to buy fertilizer again. Failure is a resource that can be managed.

Before launching Dilbert, and after, I failed at a long series of day jobs and entrepreneurial adventures. Here are just a few of the worst ones. I include them because successful people generally gloss over their most aromatic failures, and it leaves the impression that they have some magic you don’t.

When you’re done reading this list, you won’t have that delusion about me, and that’s the point. Success is entirely accessible, even if you happen to be a huge screw-up 95% of the time.

My failures:

Velcro Rosin Bag Invention: In the 1970s, tennis players sometimes used rosin bags to keep their racket hands less sweaty. In college, I built a prototype of a rosin bag that attached to a Velcro strip on tennis shorts so it would always be available when needed. My lawyer told me it wasn’t patentworthy because it was simply a combination of two existing products. I approached some sporting-goods companies and got nothing but form-letter rejections. I dropped the idea.

But in the process I learned a valuable lesson: Good ideas have no value because the world already has too many of them. The market rewards execution, not ideas. From that point on, I concentrated on ideas that I could execute. I was already failing toward success, but I didn’t yet know it.

Gopher Offer: During my banking career, in my late 20s, I caught the attention of a senior vice president at the bank. Apparently my b.s. skills in meetings were impressive. He offered me a job as his gopher/assistant with the vague assurance that I would meet important executives during the normal course of my work, which would make it easy for him to strap a rocket to my backside—as the saying roughly went—and launch me up the corporate ladder.

On the downside, the challenge would be to survive his less-than-polite management style and do his bidding for a few years. I declined his offer because I was already managing a small group of people, so becoming a gopher seemed like a step backward. I believe the senior vice president’s exact characterization of my decision was “[expletive] STUPID!!!” He hired one of my co-workers for the job instead, and in a few years that fellow became one of the youngest vice presidents in the bank’s history.

I worked for Crocker National Bank in San Francisco for about eight years, starting at the very bottom and working my way up to lower management. During the course of my banking career, and in line with my strategy of learning as much as I could about the ways of business, I gained an extraordinarily good overview of banking, finance, technology, contracts, management and a dozen other useful skills. I wouldn’t have done it any differently.

Webvan: In the dot-com era, a startup called Webvan promised to revolutionize grocery delivery. You could order grocery-store items over the Internet, and one of Webvan’s trucks would load your order at the company’s modern distribution hub and set out to service all the customers in your area.

I figured Webvan would do for groceries what Amazon had done for books. It was a rare opportunity to get in on the ground floor. I bought a bunch of Webvan stock and felt good about myself. When the stock plunged, I bought some more. I repeated that process several times, each time licking my lips as I acquired ever-larger blocks of the stock at prices I knew to be a steal.

When the company announced that it had achieved positive cash flow at one of its several hubs, I knew that I was onto something. If it worked in one hub, the model was proved, and it would surely work at others. I bought more stock. Now I owned approximately, well, a boatload.

A few weeks later, Webvan went out of business. Investing in Webvan wasn’t the dumbest thing I’ve ever done, but it’s a contender. The loss wasn’t enough to change my lifestyle. But boy, did it sting psychologically. In my partial defense, I knew it was a gamble, not an investment per se.

What I learned from that experience is that there is no such thing as useful information that comes from a company’s management. Now I diversify and let the lying get smoothed out by all the other variables in my investments.

These failures are just a sampling. I’m delighted to admit that I’ve failed at more challenges than anyone I know.

As for you, I’d like to think that reading this will set you on the path of your own magnificent screw-ups and cavernous disappointments. You’re welcome! And if I forgot to mention it earlier, that’s exactly where you want to be: steeped to your eyebrows in failure.

It’s a good place to be because failure is where success likes to hide in plain sight. Everything you want out of life is in that huge, bubbling vat of failure. The trick is to get the good stuff out.

A version of this article appeared October 11, 2013, on page C1 in the U.S. edition of The Wall Street Journal, with the headline: Fail Your Way toSuccess.

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Evening Run in the Park: Favorite Time of Day

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First-rate or Second-rate?

Be a first rate version of yourself, not a second rate version of someone else.

– Judy Garland (1922-1969) American actor, singer

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Turning a Corner

Turning a corner

So eager to seize the day

No time to look back!

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Just a Swingin’!

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