Why success starts with failure

Many people dream of making a cash cow trading program and be set for life. The reality of the business, which is just like any other profession, is that you need to be persistent and persevere. You really need to enjoy the work to be able to keep going at it day after day even if nothing that you do seems to work at a time. This video by Tim Harford explains why success starts with failure. It rings with my previous post on why the secret to trading system development is to fail faster. Harford's three principles of success:

  1. Fail a lot.
  2. Fail affordably.
  3. Fail and fix early.